The cryptocurrency sector’s total market capitalization reached over $4 trillion for the first time as major digital assets recorded gains on Friday, July 18. The market surge followed the U.S. House of Representatives’ passage of three major digital asset bills yesterday evening: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act.
Total cryptocurrency market capitalization rose as high as $4.033 trillion at around 2 a.m. ET today, but has since retraced to $3.92 trillion, down 3% on the day, according to CoinGecko. Trading volume over the same time frame reached $326 billion.
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