Cardano founder Charles Hoskinson forecasts trillions of dollars flowing into altcoins as Bitcoin nears the $250,000 threshold, driven by major legislative advancements. The GENIUS Act and CLARITY Act are identified as pivotal regulatory frameworks accelerating cryptocurrency market transformation amid surging institutional adoption.
Digital assets experienced significant gains across the board, with Cardano (ADA) climbing nearly 13% within 24 hours. Ethereum (ETH) and XRP posted robust advances of 8.5% and 7.1%, respectively, as the broader market recovery amplified momentum. Bitcoin crossed the $118,000 psychological barrier during this rally, with analysts predicting a $250,000 target by early 2026 fueled by strengthening network fundamentals.
The cryptocurrency market capitalization soared beyond $3.75 trillion amid renewed investor confidence, signaling a comprehensive industry rebound. Ethereum achieved a notable milestone with a $361.68 billion market valuation, surpassing multinational software corporation SAP to rank 35th among global assets by market cap.
Legislative clarity and mounting institutional participation continue creating favorable conditions for alternative cryptocurrencies, according to Hoskinson’s analysis of market dynamics.