Crypto Market Surges Past $3.5 Trillion, Led by Bitcoin and Stablecoins
The global crypto market cap has now exceeded $3.5 trillion. This growth is largely due to increased interest from big institutions in Bitcoin and other digital assets. Sentora, an analytics firm, says that more institutions are investing in Bitcoin. This, along with improvements in decentralized finance (DeFi) and stablecoins, is driving the market.
DeFi lending has reached $30 billion. stablecoins,which are digital currencies pegged to customary assets like the U.S. dollar, have seen their total value rise by 56% in a year. They are now worth nearly $250 billion.
Stablecoins are becoming more popular.Big banks like Société Générale and JPMorgan are launching their own stablecoins. This shows that traditional finance is moving into the crypto space.
Regulations are also changing. The GENIUS Act and other new laws could make it easier for banks to hold digital assets. This could lead to more oversight of DeFi by 2027.
These changes suggest that the crypto market is becoming more mature and structured. With more institutional involvement and clearer rules, the future of crypto looks promising.
