Robinhood Hits $100 Billion Record as US Passes Crypto Legislation
The post Robinhood Hits $100 Billion Record as US Passes Crypto Legislation appeared on BitcoinEthereumNews.com. Key Notes The stock rally coincided with US House passage of two major crypto bills addressing market oversight and stablecoin regulation. Robinhood’s recent European launch of tokenized US stocks trading has fueled investor optimism about digital asset adoption. Market analysts warn that severe liquidity constraints in the $27 million tokenized equities market could limit widespread adoption. Robinhood (HOOD) stock briefly hit $112 on Friday, July 18, surging to a new record high and pushing the company’s market capitalization beyond the $100 billion threshold. The milestone marks a 38% gain over the past 30 days, according to Nasdaq data. The rally began when HOOD stock broke through the $100 barrier just days after the platform announced the launch of tokenized US stock trading feature for Europe in early July. Robinhood Price Action | July 18 The latest HOOD price uptick comes amid bullish tailwinds from Washington, as US lawmakers advanced a long-awaited regulatory framework for cryptocurrencies. The BBC reported that the US House of Representatives passed two major bills late on Thursday: the CLARITY Act, which addresses crypto market oversight, and the GENIUS Act, which establishes a stablecoin regulatory policy. With Bitcoin price still consolidating below $120,000 amid active capital rotation toward altcoins, HOOD shares gained another 4% on Friday, peaking at $112 before retracing slightly to $109 at press time. Analyst Says Liquidity Risks Could Hamper Tokenized Stocks Market Robinhood’s stock price rally to $100 billion valuation on Friday has ignited speculation that US crypto bill legislation may deepen adoption of its recently-launched tokenized US equities trading feature. However, leading market analysts urge caution. In a post on X, Kaledora Kiernan-Linn, founder of on-chain leverage trading platform Ostium, warned that tokenized equities face severe liquidity limitations. the problem with all the tokenized solutions is they have zero liquidity you pay…
The post Robinhood Hits $100 Billion Record as US Passes Crypto Legislation appeared on BitcoinEthereumNews.com.
Key Notes The stock rally coincided with US House passage of two major crypto bills addressing market oversight and stablecoin regulation. Robinhood’s recent European launch of tokenized US stocks trading has fueled investor optimism about digital asset adoption. Market analysts warn that severe liquidity constraints in the $27 million tokenized equities market could limit widespread adoption. Robinhood (HOOD) stock briefly hit $112 on Friday, July 18, surging to a new record high and pushing the company’s market capitalization beyond the $100 billion threshold. The milestone marks a 38% gain over the past 30 days, according to Nasdaq data. The rally began when HOOD stock broke through the $100 barrier just days after the platform announced the launch of tokenized US stock trading feature for Europe in early July. Robinhood Price Action | July 18 The latest HOOD price uptick comes amid bullish tailwinds from Washington, as US lawmakers advanced a long-awaited regulatory framework for cryptocurrencies. The BBC reported that the US House of Representatives passed two major bills late on Thursday: the CLARITY Act, which addresses crypto market oversight, and the GENIUS Act, which establishes a stablecoin regulatory policy. With Bitcoin price still consolidating below $120,000 amid active capital rotation toward altcoins, HOOD shares gained another 4% on Friday, peaking at $112 before retracing slightly to $109 at press time. Analyst Says Liquidity Risks Could Hamper Tokenized Stocks Market Robinhood’s stock price rally to $100 billion valuation on Friday has ignited speculation that US crypto bill legislation may deepen adoption of its recently-launched tokenized US equities trading feature. However, leading market analysts urge caution. In a post on X, Kaledora Kiernan-Linn, founder of on-chain leverage trading platform Ostium, warned that tokenized equities face severe liquidity limitations. the problem with all the tokenized solutions is they have zero liquidity you pay…
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