Crypto is on fire today, with the market breaking the $4 trillion mark. Bitcoin is cruising above $120K, while Ethereum is hovering near its six-month high at $3.7K. The real game-changer? U.S. lawmakers passed significant crypto bills, clearing the way for stablecoin regulations and defining clearer rules for the industry. With the GENIUS Act moving toward the President’s desk, the stage is set for more institutional confidence.
Altcoins are riding the wave too, with XRP hitting an all-time high of over $3.6, and Dogecoin, Hedera, and Cardano all seeing double-digit gains. Meanwhile, Bitcoin’s surge has triggered major liquidations in short positions, creating some volatility in the market.
All in all, it's a thriving crypto world today, driven by institutional backing, bullish altcoins, and an exciting legislative shift that's got everyone buzzing. But with the market’s momentum, be prepared for anything!