Cryptocurrency Market Surges Past $4 Trillion on US Stablecoin Regulation

The cryptocurrency market has surged past a $4 trillion valuation, driven largely by strong rallies in altcoins such as Ethereum (ETH), Ripple (XRP), and Solana (SOL), alongside Bitcoin reaching new record highs. This momentum is bolstered by significant U.S. legislative progress, notably the passage of the GENIUS Act, the first comprehensive federal stablecoin regulation bill, which President Donald Trump supports and is expected to sign. Ethereum and Ripple have seen new highs in price and institutional inflows, with BlackRock’s Ethereum ETF leading with over $546 million inflows in a single day, and Nasdaq seeking SEC approval for staking rewards within an ETF. The stablecoin bill aims to regulate a $265 billion market projected to grow to $3.7 trillion by 2030, reinforcing investor confidence and fueling market gains. Ether’s price recently hit a six-month high, lifting shares of companies linked to Ethereum, such as BitMine Immersion Technologies, which plans to acquire a significant Ether supply. Despite the overall bullish sentiment, some analysts warn of potential Bitcoin price corrections, while highlighting strong fundamentals in Ethereum-based tokens like Curve DAO (CRV), which has seen a substantial portion of its supply locked and effectively removed from circulation.