Consequently,
Actions related cryptocurrencies progress after:
The actions of companies related to cryptocurrencies jumped on Monday. Furthermore, while the Prix de l’Ether reached its highest level of the year, after President Donald Trump promulgated a law regulating stablecoins in the United States.
Trump signed the Genius Act on Friday evening. Nevertheless, marking a major victory for the cryptocurrency industry, which has long campaigned for a regulatory framework in order to gain legitimacy. However, The text was adopted Thursday in the House of Representatives by 308 votes against 122, after the approval of the Senate.
Bitcoin, the world’s largest cryptocurrency, increased by 0.4 %, although more than 3 % of its absolute record of $ 123,153 left last week.
The law prohibits the payment of yield. Nevertheless, interest on regulated stablecoins, which, according to Deutsche Bank, leads to an increase in the price of Ether. Investors anticipate a postponement actions related cryptocurrencies progress after to the second world cryptocurrency, perceived as an alternative to generate yield in decentralized finance.
“It is a long -awaited moment for Ethereum. and even if it is too early to talk about a change of long -term trend, the conjunction of factors plays in its favor,” analyzes Luke Nolan, principal researcher at Coinshares.
The Ether recently traded at $ 3,795.4, after reaching its highest level of the year on Sunday.
The actions of the Global Coinbase exchange platform and the Stablecoins Circle Internet transmitter gained approximately 0.1 % at the start of the session.
Stablecoins are designed to maintain constant value, generally indexed to the US dollar at 1: 1. Their use has exploded, mainly in cryptos traders who transfer funds between different tokens.
Large banks of Wall Street, like Bank of America, also work at the launch of their own stablecoins.
Strategy followed
The actions of the companies listed actions related cryptocurrencies progress after in the United States recently added cryptocurrencies to their cash flow were. up on Monday.
The title Bitmine. whose main shareholder is the technological billionaire Peter Thiel and whose president is Tom Lee de Fundstrat, increased by 2.7 %. Other companies holding Ether, such as Bit Digital, BTCS and Sharplink Gaming, climbed respectively between 2.3 % and 8 %.
Societies like Gamesop also rush to integrate cryptocurrencies into their balance sheet, following the example of Strategy. The action of the largest institutional Bitcoins holder jumped almost 3,000 % since 2020 and increased by 1.7 % on Monday.
The specific acquisition company Dynamix Corporation flew by 26.2 % while The Ether Reserve. a new crypto initiative supported by important investors in the sector, is about to merge with the company to train the Ether Machine.
Other cryptocurrencies have also progressed, Solana reaching her highest level since February. The Proshares Ultra Solana actions related cryptocurrencies progress after ETF fund jumped 17.2 %.
XRP also won 1 %, approaching its historic records.
According to Coingecko data, the total value of the cryptocurrency market reached $ 4,000 billion on Friday.
Actions related cryptocurrencies progress after
Further reading: Smoking couple: confused plane, 5 p.m. stopover – China: GDP growth slows down slightly in the second quarter – An annual cost of 305 billion euros for the French company – The truth behind Bayrou’s shock formulas – This electric car is finally entitled to the ecological bonus and becomes “cheap”.
