Last week in crypto was absolute madness. The U.S. Senate advanced the so-called GENIUS Act—yes, really—which could finally give stablecoins a proper legal framework. Think of it as giving digital dollars an adult job and some trousers.
Meanwhile, Trump stormed back into the crypto headlines with a Strategic Bitcoin Reserve, memecoins, and a government-backed stablecoin. Love him or loathe him, he’s putting crypto at the centre of U.S. politics. That matters. A lot.
Bitcoin ETFs went on a shopping spree—buying six times more BTC than miners produced. When demand crushes supply like that, prices tend to go whoosh.
We also saw New Hampshire become the first U.S. state to hold Bitcoin reserves, while El Salvador doubled down on its BTC love affair.
So, what’s next?
With Bitcoin brushing against its all-time high and institutions still buying like it's Black Friday, the $110K breakout could finally happen. If it does, expect Ethereum and the altcoin crew to start dancing too—especially with ETH upgrades already in play.
In short: buckle up. Next week might be when the rocket really ignites.