TRON's native token, TRX, overtook Dogecoin (DOGE) on Friday to become the eighth-largest cryptocurrency by market capitalization, rising to $25.7 billion. The milestone follows progress in stablecoin regulation in the United States (US) after the Senate passed the GENIUS bill.
Tron (TRX) extends gains with an upside move of over 1% at press time on Tuesday, following the 1.88% gains recorded the previous day. Diverging from the declining Total Value Locked (TVL), which signals lowered liquidity, TRX upholds bullish momentum, fueling optimism in the derivatives market.
Bitcoin (BTC) tested support at $100,372 last week on June 5, in the aftermath of Elon Musk’s criticism of Trump’s spending bill and the public spat that followed.