The cryptography market is close to an assessment of the market capitalization of 4 T, following the sustained overvoltage felt by several pieces of crypto, with Bitcoin, Ether and XRP leading the pack.
Several exchanges have published different numbers, CoinmarketCap and TradingView displaying 3.9 T $, while Coingecko even obtained it to more than 4 t $ at a given time.
The overvoltage coincides with a crypto rally at all levels, the best winners recently exciting serious muscles.
Bitcoin leads the pack after having broken a new ATH of around $ 123.2,000, while XRP is a few centimeters from a new $ 3.5 ATH.
But what motivates the Bull Crypto?
The house spends three Pro-Crypto invoices to prepare the track for an even larger rally
The House of Representatives has just adopted the Trump engineering law, which establishes the legal framework that the cryptographic industry has requested in recent years.
President Tim Scott immediately applauded the result, describing the decision to “criticize President Trump’s agenda to cement the United States as the capital of world cryptography”.
He also described the act of engineering as essential to the national security of the United States, declaring that:
The Genius Act reduces digital assets and payment stalls for the regulatory gray area and in an anti-flowage compliance diet. It imposes important requirements for stablecoin issuers which strengthen national security and improve the capacity of the Treasury Department to monitor the sector.
The adoption of this bill will make it more difficult for the bad guys, whether foreigners or domestic, to use stablecoins to finance illegal activity.
—Tim Scott, Washington examiner deputy
But, although the Genius Act is the star of the series, it is not the only recently adopted Pro-Crypto bill. The Clarity Act is another, which aims to establish a clear market structure for cryptos, passing with 294 to 134 votes on Thursday.
The anti-CBDC law on the state of surveillance is the last of the three which sees itself the light of approval, after a tight voting decision of 219-210.
The anti-CBDC law prevents the federal reserve from issuing a digital currency of the Central Bank (CBDC), which the member of the Congress Tom Emmer applauds, saying:
Unlike decentralized digital assets, a CBDC (…) is a programmable money controlled by the government which, if designed without the protection of the privacy of money, could give the federal government the possibility of monitoring and restricting the transactions of the Americans and monitoring all aspects of our daily life.
The anti-CBDC law on the state of surveillance, prevents future armament administrations from this technology against the American people, while ensuring that any development of digital money reflects our American values of confidentiality, individual sovereignty and competitiveness of the free market.
—Tom emmer Official declaration of the house floor
These recent developments could push the cryptography market into a sustained optimistic state and we already see the signs.
When writing this article, $ XRP has finally crossed the ceiling of $ 3.50 and is currently in full rally with a thrust of 7.71%.
Bitcoin is close to 1.28% and is negotiated at more than $ 119,000 at the moment, apparently preparing for another Bull Run.
If this happens, projects like Bitcoin hyper will draw a lot of attention.
How Bitcoin Hyper ($ hyper) promises to transform the Bitcoin ecosystem
Bitcoin Hyper ($ hyper) is the official solution of layer 2 of Bitcoin which promises to correct the lower quality of Bitcoin quality speeds and swollen transaction costs.
To this end, the project is based on the canonical deck and the Solana Virtual Machine (SVM) to increase network performance and lower transaction costs.
The canonical bridge unlocks the seamless tokens on the laying of layer 2 of hyper, allowing the active ingredients to return to the Bitcoin network, solving congestion problems during advanced traffic with style and efficiency.
Powered by the SVM protocol, Hyper offers rapid execution for intelligent contracts and DEFI applications, providing Solana type performance directly to Bitcoin.
Together, these innovations aim to overeat Bitcoin capacities, without compromising its unequaled security or brand confidence.
The presale has already taken fire, raising more than $ 3.3 million since May. With tokens for only $ 0.0123 and 269%milestone awards, the momentum is quickly built.
If you want to support the PLA 2 -2 layer 2 solution and diversify your portfolio, go to the presale page and buy your $ hyper today.
Will the cryptography market continue to push?
We are witnessing an avalanche of Pro-Crypto policies, fueling the current crypto rally and creating the perfect environment for a sustained bull race.
We will probably see the best winners like $ XRP, $ BTC and $ ETH push towards new heights and feed new cryptographic projects like Bitcoin Hyper ($ Hyper), which are delivered with the value of the same and the blockchain utility.
Remember that it is not a financial advice. Do your own research (Dyor) and invest judiciously.
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