Bitcoin surged by about 3.6%, nearing the $122K mark, bolstered by new regulatory developments allowing crypto investments in 401(k) plans.
Ethereum, Solana, and XRP also posted gains, continuing the bullish momentum across the board.
The total crypto market cap ticked up about 2%, climbing past $4.1 trillion.
Stocks & Institutional Moves
Crypto-linked stocks received a boost:
MicroStrategy jumped ~4.6%, supported by its massive Bitcoin holdings.
Coinbase and Robinhood shares rose ~5.1% and ~2.1%, respectively.
Spot Ether inflows outpaced Bitcoin ETF inflows last week—$461M vs. $253M—indicating rising institutional interest in Ethereum.
Regulatory & Policy Developments
The GENIUS Act, a major stablecoin regulatory framework, was enacted—requiring one-to-one backing in USD or equivalent for stablecoins, while promoting both consumer protection and transparency.
Meanwhile, UK lawmakers warn the nation is falling behind in crypto regulation, urging clearer rules to seize emerging opportunities.
Altcoin Outlook
The altcoin market is heating up:
BNB is climbing, now only ~4.7% below its all-time high of $861.
Ethereum remains strong, roughly ~13.5% below its cycle peak, with $4,500 as a key resistance level.
---
Snapshot Table
Category Highlights
Market Momentum Strong gains across Bitcoin, Ethereum, and overall crypto cap
Stock Performance MicroStrategy, Coinbase, Robinhood rally on crypto-friendly policy shifts
Regulatory Shifts GENIUS Act and UK policy pressure for clear crypto frameworks
Altcoin Trends BNB and ETH approaching key milestones and price levels