🚀 Crypto Market Rockets Past $4T as US Congress Greenlights GENIUS Act—Stablecoins Enter Regulatory Era

Wall Street's old guard won't like this: The crypto market just smashed through the $4 trillion barrier—and it's all thanks to Washington.

The GENIUS Effect

Congress finally stopped kicking the can down the road. The newly passed GENIUS Act throws stablecoins a regulatory lifeline, giving institutional investors the 'government stamp' they've been craving. Guess even DC can move fast when money talks.

Market Goes Vertical

BTC, ETH, and even DeFi tokens ripped higher within hours of the vote. TradFi analysts are scrambling to update slides that previously called crypto 'a passing fad.' Meanwhile, BlackRock quietly tripled its crypto custody team.

The Fine Print

Not all winners here. Algorithmic stablecoins got sidelined—Tether and Circle are popping champagne while smaller players face compliance costs that'd make a Goldman partner blush. Ah, regulation: the ultimate market concentrator.

One thing's clear: When crypto and Congress actually agree, the market speaks in trillions. Now if only they'd fix those capital gains taxes...

Key highlights

• On Friday, Bitcoin remained volatile while altcoins surged following a significant regulatory victory for the crypto industry in the U.S., coupled with reports that 401(k) plans may soon start allowing crypto investments.
• Cryptocurrency analysts expect the bills could provide some much-needed clarity to the digital asset industry.
• The U.S. Securities and Exchange Commission (SEC) is reportedly exploring the implementation of new regulatory exemption provisions to promote asset tokenization.
• XRP's market capitalization has exceeded $200 billion, with analysts now anticipating it could surpass $250 billion by the end of the year.
• TradingView reported today that Bitcoin dominance declined by 4.8 percentage points over a week to 61.67%. Meanwhile, the total crypto market cap grew by 4.43%, with the market cap excluding Bitcoin (TOTAL2) rising by 13.19%. Additionally, the market cap excluding both Bitcoin and Ethereum (TOTAL3) increased by 10%, indicating robust growth in other cryptocurrencies.

Technical analysis perspective

Bitcoin /US Dollar

• BTC penetrated May 22 high at 112,000 on July 10, 2025.
• Bitcoin recorded a new all-time high on July 14 at 123,231.07.
• Technically, a retest of the recent high at 112 k is possible before BTC continues the rally in the coming weeks to months.
• A break below 116K would provide an early signal that a dip to 112 K is on the way.
• In the meanwhile, a contracting range between 122k to 116 k is the name of the game. A breakout either side would lead the direction.

Ethereum /US Dollar

• ETH broke above a rectangle like consolidation pattern penetrated on July 10, 2025, at 2850.
• Prices moved higher in a parabolic fashion, posting 3677.40 high.
• ETH is challenging 3700 and 3750 obstacles on daily chart.
• As long as 3700/3750 contains rallies, a dip to 3280 – 3220 support is at hand.
• A sustained breakout above 3750 would pave the way for an additional rally to 4100 all-time high.

XRP/US Dollar

• XRP pushed above a falling trendline 1 obstacle on July 09.
• Prices are challenging a rising trendline 2 obstructing around 3.65 to 3.55 area.
• Below this resistance zone a gradual dip from 3.30 to 3.25 is likely.

Solana/US Dollar

• SOL is hovering close to 187 – 184 resistance regions.
• A dip to 174 with additional room to 162 is on the way below 187 – 184 obstacles.
• A sustained break above 187 would target 200 and 208 regions.

Word of wisdom

“Two things seem pretty clear to me: first, no one can consistently buy at the low or sell at the high (except liars, as Bernard Baruch said), and second, lowest average cost wins by Bill Miller.”