The cryptocurrency market is witnessing a substantial rally driven by regulatory milestones, with Ethereum’s native token Ether and Ripple’s XRP spearheading gains. This surge follows the U.S. House of Representatives’ approval of three pivotal cryptocurrency bills including the Generating Opportunities by Leveraging U.S. Securities (GENIUS) Act, which has galvanized market confidence and institutional participation.
Ether catapulted over 40% during the past two-week period, breaking through the $3,600 threshold. Simultaneously, XRP recorded a striking near-20% single-day surge, peaking at a year-to-date high of $3.64. Bitcoin demonstrated relative stability throughout the rally, supporting broader market momentum.
Total cryptocurrency market capitalization is now approaching the $4 trillion milestone—a valuation nearing chipmaker Nvidia’s $4.2 trillion market cap. This reflects heightened institutional engagement and signals accelerating mainstream acceptance of digital assets.
Market analysts identify the convergence of regulatory developments and institutional capital inflows as key catalysts for this expansion phase. The GENIUS Act, establishing a legal framework for digital asset securities, has been particularly instrumental in reinforcing market structure credibility and encouraging professional investment.
This rally highlights a maturation phase where regulatory clarity complements technological innovation to drive market growth, positioning digital assets for increased integration within global financial systems.