Crypto market soars past $4 trillion and Coinbase notches all-time high—but traditional stocks dip
Crypto increased for a short period while the broader markets were stagnant on Friday after congress approved a historical bill for digital assets.
The total market value of all cryptocurrencies has paid after 4 trillion dollars for the first time on date before dipping later in the day. But traditional stock indicators were barely budget. The S&P 500 closed today flat, but it recorded approximately 0.7 % weekly. The Nasdaq Stock Exchange increased by 0.4 % a day, and Dow Jones decreased by 0.3 %.
On Thursday, the House of Representatives approved three pieces of encryption legislation. Two laws went to the Senate to make another vote. The third, which organizes stablecoins, or cryptocurrencies associated with basic assets such as the US dollar, has already passed in the Senate and went to the White House. On Friday afternoon, President Donald Trump signed the draft law, and called on the genius law to the law.
“We have worked hard,” Trump jokingly said at a press conference before signing the bill. “It is a very important work, the genius did.
After Congress approved the bill, Bitcoin made the world’s largest encrypted currency of $ 120,000, according to Binance data. The encryption companies also witnessed the rise in their shares in the trade of Friday morning. The US Crypto Excination Coinbase shares have achieved the highest level ever, raising 6 % to $ 444 after opening markets. He decreased later in the day, with Friday’s closure by 2.2 %. Online brokerage, which allows users to buy and sell encryption, also recorded the highest level at all times at about 113 dollars and published a 4 % daily jump.
Coinbase, Robinhood and other key encryption companies were in the audience while Trump signed the genius law.
Although the encryption insanity that feeds Congress, there is likely to have a report on Trump’s tariff in the largest market. While the United States is negotiating with the European Union on a possible trade deal, Trump is said to be pushing for the minimum tariff for the European Union between 15 % and 20 % Financial timesQuoted from sources informed of the talks.
The White House spokesperson, Kush Desai, refused to comment on the report.
Trump’s tariff negotiations have consumed markets since early April, when a set of severe taxes on imports of American commercial partners. The markets are initially before the assembly and restore their losses by early May. They have risen since then and have ever achieved frequent levels, including Thursday, when the S&P 500 and NASDAQ closed in new records.
2025-07-18 20:11:00
