#CryptoMarket4T
Meanwhile, Ripple's cross-border token, XRP, surged nearly 20% on the day to an annual high of $3.64 in early trading on Friday.
More gains to come, analysts say
"Traders see digital asset prices soaring thanks to regulatory and institutional support," Nick Ruck, director of LVRG Research, told Cointelegraph.
"We are optimistic that this growth will continue as institutions compete to advance integration with the cryptocurrency industry."
Markets driven by US regulations
"Bitcoin and other cryptocurrencies rose as traders entered a risk-taking mode due to bullish regulatory and institutional developments," added Nassar Al Achkar, strategy director at the cryptocurrency exchange CoinW.
"The approval of the GENIUS Act and Trump's plan to open the US retirement market to cryptocurrency investments could unlock trillions in institutional capital."
