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Bitcoin rises 4.16% as crypto market cap hits $2.22 trillion

Bitcoin rises 4.16% as crypto market cap hits $2.22 trillion

Weekly crypto gains outpaced weaker U.S. equities as traders tracked the CLARITY Act, bridge exploits and Citadel Securities’ $400 million Crypto.com investment at a $20 billion valuation.

BTC
ETH

Fact Check
Every component of the claim is corroborated. The crypto.news primary article confirms Bitcoin +4.16%, crypto market cap of $2.22 trillion, weekly crypto gains outpacing weaker U.S. equities, and traders tracking the CLARITY Act and bridge exploits, all attributed to CoinMarketCap's recap. The Citadel Securities $400 million investment in Crypto.com at a $20 billion valuation is confirmed by the official Crypto.com/PR Newswire press release, Reuters, and CoinDesk. The price/market-cap figures are echoed across multiple aggregator news pages.
Summary

Bitcoin gained 4.16% over the week and Ether rose 2.98%, lifting total crypto market capitalization 2.30% to $2.22 trillion even as the S&P 500 fell 0.53% and the Nasdaq Composite was little changed. CoinMarketCap said the move reflected a market seeking regulatory clarity, with contained liquidations and near-neutral funding rates indicating restrained leverage. Attention centered on updated CLARITY Act text released by Senator Cynthia Lummis on July 22 and continued opposition from Senator Elizabeth Warren and other Democrats over ethics, enforcement, political conflicts, decentralized finance protections and crime investigations. The week also included bridge attacks on AFX Trade and Allbridge, BitMEX’s planned Sept. 23 shutdown, and a $400 million all-equity investment by Citadel Securities in Crypto.com at a $20 billion valuation as institutional firms expanded into tokenized securities, derivatives and digital-asset infrastructure.

Terms & Concepts
  • funding rates: Periodic payments between futures traders.
  • DeFi: Blockchain-based financial applications.
  • tokenized securities: Traditional financial assets issued as digital tokens.