 
 
The worldwide crypto market cap surged previous $4 trillion earlier this week earlier than easing to round $3.85 trillion by Wednesday, led by a contemporary wave of institutional adoption and aggressive assist from Donald Trump.
At press time, Bitcoin (BTC) was buying and selling round $115,512, simply shy of its July 14th $123,077 all-time excessive, with merchants exhibiting indicators of doubt, as per Santiment analysts. Ethereum (ETH) hovered close to $3,619, nonetheless roughly 25% beneath its all-time excessive however exhibiting indicators of robust accumulation.
In the meantime, key altcoins adopted with blended momentum, with XRP seeing a slight pullback to round $3.20. Solana (SOL) traded between $140–185, whereas Dogecoin (DOGE) dipped to $0.21, with technical indicators hinting at an upside breakout.
Notably, on the coronary heart of this rally is Donald Trump’s dramatic shift to pro-crypto coverage. Final week, the previous president signed the Genius Act, the primary federal U.S. regulation regulating the stablecoin market. The regulation requires issuers to preserve 1:1 USD reserves, giving traders extra belief in dollar-pegged digital tokens.
Trump hailed the signing as a “huge validation” of the crypto group.
 
“For years, you have been mocked and dismissed… however now you’re main the monetary revolution,” he mentioned.
Stablecoins, in contrast to Bitcoin or Ethereum, are seen as much less unstable, making them engaging for each day use, remittances, and even institutional funding. The Genius Act is predicted to open the floodgates for broader adoption.
Trump’s crypto ambitions lengthen past stablecoins. His administration-in-waiting is reportedly contemplating permitting retirement funds to spend money on digital property, together with Bitcoin. With over $9 trillion in property beneath administration in U.S. retirement accounts, the implications for crypto markets are huge.
He has additionally established a Strategic Crypto Reserve and appointed a “Crypto Czar,” indicating a long-term dedication to digital asset infrastructure.
Nevertheless, reviews that the Trump household holds $2 billion in Bitcoin have sparked issues over conflicts of curiosity. Critics argue that Trump’s private monetary publicity to cryptocurrency could also be influencing his coverage choices, particularly since Bitcoin is among the many major beneficiaries of his agenda.
Including gas to the momentum, main U.S. banks are lastly embracing crypto. JPMorgan is getting ready to supply loans backed by crypto property, whereas Citibank, Financial institution of America, and Morgan Stanley are every exploring their stablecoin merchandise.
This shift marks an entire reversal from just some years in the past, when trade titans like Jamie Dimon dismissed Bitcoin as “fraud.” Right this moment, they’re constructing round it.
Regardless of the optimism, regulatory uncertainty nonetheless clouds the panorama. Two extra crypto payments are pending in Congress, one in all which might strip oversight from the SEC, handing it to smaller businesses —a transfer welcomed by the crypto foyer however feared by watchdogs.
