📈 Market Highlights

1. Institutional buzz fuels momentum

Major U.S. banks are deep into developing stablecoins—Bank of America confirmed plans to launch its own, while Morgan Stanley and Citigroup are actively exploring.

Senate and House are considering three pivotal crypto bills during “Crypto Week”:

Clarity Act: Defines whether tokens are securities or commodities.

GENIUS Act: Framework for payment stablecoins.

Anti‑CBDC Surveillance State Act: Prohibits issuance of U.S. central bank digital currency

Investopedia

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2. Trump’s influence moves the needle

A supportive post from Donald Trump tipped the House in favor of the GENIUS Act, which is now expected to pass soon

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However, a procedural vote revealed divisions within the party, slightly delaying debate

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Reuters

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3. Price action & market mood

Bitcoin remains steady around $118,600—experiencing a minor intraday dip but maintaining overall strength.

Ethereum continues to outperform the top 10, jumping ~9% and hovering near $3,400

Coinpedia Fintech News

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Market sentiment is firmly in “greed mode,” with ~90% of the top 100 coins in the green and total market cap around $3.88T

Cryptonews

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4. Altcoin & institutional storylines

Solana continues to rally, trading near $170 after BIT Mining allocated $200–300M to its treasury in SOL

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XRP holds strong above $3.00, flirting with all-time highs; technical analysts see resistance near $3.18 and $ 3.40

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💡 Bottom Line

Crypto markets are bolstered by institutional developments and regulatory clarity. With stablecoin frameworks advancing and Bitcoin/ETH ETFs attracting fresh inflows, sentiment is bullish. Keep an eye on congressional votes later this week—passage of these bills could be a major catalyst. #Sol