In July, the cryptocurrency market demonstrated positive dynamics, increasing by 13.3%. Key drivers of this growth were regulatory achievements and institutional investor interest.
Regulatory Advances and Their Impact on the Market
According to a monthly report by Binance, significant regulatory changes occurred in the U.S. in July, including the passage of new stablecoin laws. These changes boosted confidence among market participants. As a result, the share of altcoins increased to 39.2%, while Bitcoin's (BTC) market dominance fell to 60.6%.
Growth of Tokenized Stocks
In July, there was growing activity in the tokenized stocks market, reaching a market value of about $370 million. Popular tokenized assets like Tesla shares and the S&P 500 ETF accounted for $53.6 million. Active on-chain addresses surged from 1,600 to 90,000, indicating rising user participation.
Support for Stablecoins in Payment Systems
Financial firm Visa acknowledged the growing importance of stablecoins in payments and plans to increase its support. On-chain stablecoin transfers remained near record levels, consistently exceeding Visa's transaction volumes since late 2024, underscoring their expanding role in global payments.
July proved to be a significant month for the cryptocurrency market, highlighting growth in both institutional interest and new regulatory initiatives that create demand for tokenized assets and stablecoins.
