Altcoins, Stablecoins & Token Stocks Dem Drive Crypto 13% For July
Crypto market cap jump 13.3% for July, na because of broad gains for altcoins, stablecoins and tokenized stocks dem. Bitcoin dominance fall to 60.6% as altcoins carry 39.2% share, meanwhile Ether gain 48% cos corporate treasuries load holding to 2.7 million ETH. Transfers of stablecoin reach record $2.1 trillion, pass Visa volume. US regulation under GENIUS Act plus bank pilots from JPMorgan and Citi booster institutional demand and on-chain action. Tokenized stocks get 220% surge month-on-month to $370 million, on-chain addresses rise from 1,600 to 90,000. Centralized exchanges still dey control trading, handling 70 times more volume than on-chain platforms. NFT sales bounce back 50%, led by CryptoPunks plus Bitcoin-based works, but overall NFT trading still below previous high. Binance Research talk say better regulation, macro tailwinds and rise of tokenized assets mean the digital asset ecosystem dey mature. Traders suppose dey watch capital rotation, liquidity flows and regulatory updates for better understanding of next market phase.
Bullish
Di 13% rise for crypto market cap wey big well well, record stablecoin flow dem, plus tokenized asset growth dey show say demand strong and traders don get new confidence. Altcoins and Ethereum performance, together with institutional stablecoin use plus token stocks adoption, dey create bullish momentum. Short-term trading fit still dey rise as capital dey rotate enter high-yield areas. Long-term, better regulation and institutional pilots dey support market to expand steady.