Here’s a lowdown of the biggest events in the crypto world last week:
GENIUS and CLARITY Acts Drive Crypto Market Cap Past $4 Trillion 🚀
After back-to-back all-time highs, the crypto market was in full beast mode last week. The entire market cap crossed $4 trillion for the first time ever, with Bitcoin alone flexing a $2.3 trillion market cap 💪🏽.
At one point, BTC briefly crossed $120K before cooling off to around $118K by week’s end. Still a flex, honestly 😮💨.
So, what caused the market to blow up like this? America’s GENIUS and CLARITY Acts 🇺🇸! President Trump signed both bills, officially giving crypto the regulatory framework it’s been looking for, starting with stablecoins 🤝.
And the whales didn’t wait. Right after the news, over $500 million flowed into BTC ETFs (exchange-traded funds). The move pushed the total inflows to a jaw-dropping $4 billion in just two weeks. Three words: Institutional. Money. Power 💼!
Altcoins Are Flipping the Dominance Script 📈
Bitcoin may have been running the show all year, but the past week? Altcoins said, “Watch your back” 👀. Bitcoin dominance dropped by nearly 6% as the likes of Ethereum (ETH), Ripple’s XRP, and Solana (SOL) stepped up in a big way 🚀
- ETH broke past $3,700 💎
- SOL cruised above $180 ☀️
- And XRP understood the assignment. The altcoin reached $3.60 and is eyeing its 2018 all-time high of $3.84 📈
Everyone is now in love with altcoins again, and their inflows are shifting the market towards a potential altcoin season 😍.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
