Robinhood Hits $100 Billion Record as US Passes Crypto Legislation

Robinhood Hits $100 Billion Record as US Passes Crypto Legislation
Robinhood Hits $100 Billion Record as US Passes Crypto Legislation

Main notes

  • The shares gathering coincided with the approval of the United States’s home from the main encryption bills dealing with the supervision of the market and the organization of Stablecoin.
  • The last European launch of Robinhood for distinctive American tumors has traded investors on the adoption of digital assets.
  • Market analyst warns that severe liquidity restrictions in the distinctive stock market of $ 27 million can limit the adoption on a large scale.

Robinhood (Hood) for a short period of $ 112 on Friday, July 18, as it rose to a new record and pays the company’s market value to more than $ 100 billion. This teacher represents a profit of 38 % over the past thirty days, according to Nasdak data.

Rally started when Hood reserves began a $ 100 barrier a few days after the platform announced the launch of the Tokeenized US Trading Trading For Eurize feature in early July.


Robvent July 18

The latest high cover prices come amid the ups of the bullish winds from Washington, where American lawmakers have developed a long -awaited regulatory framework.

BBC mentioned The US House of Representatives issued two major draft laws late Thursday: the clarity law, which addresses the supervision of the encryption market and the genius law, which sets a stablecoin regulatory policy.

As Bitcoin continues to unify less than $ 120,000 in active capital towards Altcoins, HOOD shares have gained another 4 % on Friday, reaching a peak at $ 112 before restoring a little bit to $ 109 at the time of the press.

The analyst says that the risk of liquidity can hinder the symbolic stock market

The Robinhood share rates have ignited $ 100 billion on Friday speculation that the legislation of the US encryption bill may deepen the adoption of the recently launched American stock trading feature.

However, the main analysts in the market urge caution. In a post on X, Kaledora Kiernan-Linn, founder of the Ostium series trading platform, warned that distinctive stocks face very liquid restrictions.

According to Coinmarketcap, the total market value of distinctive stock assets is currently less than $ 27 million, which represents a small part of trillion in the basic stock value of blue stocks such as NVIDIA, Microsoft and Apple.

The primary symbol symbolic arrows Source: CoinmarketCap

The primary symbol symbolic arrows Source: CoinmarketCap

“Unlike pins in stocks, distinctive arrows provide a zero influence,” Kernan Lin pointed out, explaining that most of the existing distinctive stock platforms do not allow margins and risks to traditional markets.

In short, the RobinHood Prices Group reflects 38 % in the last 30 days of upward bets on the distinctive symbol direction. but, Based on the visions of expertsLiquidity restrictions and trading restrictions may slow the wide adoption. It remains to see whether the maximum of $ 100 billion on Friday will represent a temporary peak or constitute local support for another leg.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Abraham class

Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.

Irahiah ajibade on connection.

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