📈 Market Overview
- *Bitcoin ($BTC )*: After reaching an all-time high of 123,000 earlier this week, Bitcoin experienced a dip to around117,000 but has since rebounded to approximately 119,000. This volatility is attributed to profit-taking and market adjustments following the recent surge.
- *Ethereum ($ETH )*: Ethereum has shown resilience, rising by 5.83,100. This uptick is driven by strong institutional demand and the anticipation of upcoming scalability upgrades. [2]
- *Ethereum Name Service (ENS)*: ENS emerged as the top gainer, soaring by 18.32% within 24 hours. [3]
- *Other Notable Movements*:
- *$XRP *: Increased by 0.86% to 2.92.
- *Dogecoin (DOGE)*: Climbed by 3.280.2005.
- *Solana (SOL)*: Rose by 1.94% to 164.50.
- *Avalanche (AVAX)*: Jumped by 6.1922.28. [3]
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🏛️ Regulatory Developments
The U.S. House of Representatives is currently deliberating on the *GENIUS Act*, a proposed legislation aimed at establishing a regulatory framework for payment stablecoins. The bill has passed the Senate but faces challenges in the House due to internal disagreements among lawmakers. [4]
