Crypto market soars past $4 trillion and Coinbase notches record—but traditional stocks flatline

• The cryptocurrency market pushed past $4 trillion for the first time, while the S&P 500 flatlined following a recent report on Trump’s tariff negotiations with the European Union.

Crypto briefly soared while the broader markets stagnated Friday after Congress passed a landmark bill for digital assets.

The total market capitalization for all cryptocurrencies pushed past $4 trillion for the first time in history before dipping later in the day. But traditional stock indices barely budged.