🟩In July, the cryptocurrency market received a powerful boost after the approval of the first U.S. laws regulating digital assets. The Genius Act, Clarity Act, and Anti-CBDC Act created conditions for large-scale institutional entry, pushing the sector’s capitalization up by $2.67 billion. Bitcoin hit a new high of $122,830, tripling the S&P 500’s returns, though altcoins posted the largest gains.
🟩The month’s leader was meme token Pudgy Penguins, which surged nearly 150%, followed by Ethena and Story, both strengthened by fundamental news and institutional interest. The Altcoin Season Index reached 62 out of 100, signaling a market shift from BTC to other assets and a possible approach of a new alt season.
