$BTC modest uptick: btc rose ~0.5% to about $119,076, after peaking near $123K last week.
$ALT coins outperform: $ETH +1.4%, XRP +0.6%, Solana +6.7%, Dogecoin +8.2%—dramatic relative gains.
Rotation underway: Analysts note investors are reducing BTC exposure at its highs and reallocating to altcoins. Alex Kuptsikevich (FxPro) highlighted this trend.
Regulatory tailwinds: The Genius Act requires stablecoins to hold 1:1 USD or Treasury backing and bans yield-bearing versions—driving institutional capital to Ethereum-based stablecoin infrastructure.
Clarity Act pending: Passed by the House, this bill clarifies crypto’s legal classification (commodity vs. security) and regulatory oversight—further boosting altcoin appeal.
Next catalysts: The Clarity Act’s progress through the Senate and a U.S. presidential working group’s recommendations (possibly including a Bitcoin reserve) could impact markets.
