Crypto Market Reaches $2.3 Trillion Cap, Bitcoin Surges Amid Regulatory Uncertainty

The global cryptocurrency market reached a capitalization of $2.3 trillion on July 31, marking a 1.4% surge from the previous day.

Bitcoin (BTC) continued its upward trend, rising by 2.09% to reach a price of $65,023.82, while Ethereum (ETH) increased by 1.23% to $1927.90.

In terms of market dominance, Bitcoin remains strong at 56.3%, while Ethereum holds 10%. The largest gainers in the industry over the past day include Layer 2 and the XRP Ledger Ecosystem.