Crypto market cap surpasses $3.5T as institutional demand increases: Sentora

On-chain analytics platform Sentora (formerly IntoTheBlock) reported on X that the global crypto market cap has reached over $3.5 trillion, largely driven by institutional Bitcoin demand. The broader ecosystem is also showing strength, with DeFi loan books rebounding to $30 billion and stablecoins seeing a 56% increase in capitalization over the past year. Sentora also noted that federal regulations and guidance from the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are set to help shape the future of DeFi and stablecoins.