$BTC , $ETH and $DOGE demonstrated growth amid news of progress in the U.S. Senate on a key stablecoin bill — the so-called GENIUS Act. The market reacted positively to the fact that the bill passed one of the key votes, paving the way for its final approval.

As of the evening of Monday, May 19, Bitcoin rose by 1.41% and reached $106,510, after bouncing off the support level at $102,000. Ethereum overcame Sunday’s correction and rose by more than 6.8%, reaching $2,579, while its market share exceeded 9% again. Dogecoin added 2.14%, trading at $0.2291.

Despite the growth of major assets, around $300 million was liquidated from the crypto market in the last day, of which over $150 million was in long positions. At the same time, open interest in Bitcoin increased by nearly 6%, and the volume of funds in Ethereum derivatives rose by more than 8%.