Find out why crypto is up today and the best altcoins to buy

Key Points

1. Bitcoin surged to nearly $120,000, and the crypto Fear and Greed Index moved to 65 (greed zone), with total market capitalization exceeding $3.6 trillion.

2. Three major bills are under consideration in Washington: GENIUS (stablecoin regulation), CLARITY Act (SEC and CFTC role separation), and a bill to ban Central Bank Digital Currencies in the U.S.

3. The Federal Reserve is expected to begin cutting interest rates in September, continuing through 2026, with potential acceleration under a future Trump administration nominee.

4. Bitcoin ETFs have seen over $51 billion in inflows, and Ethereum funds surpassed $5 billion, signaling strong institutional interest.

5. Altcoins like Pepe, Dogwifhat, XRP, and Solana are highlighted as potential beneficiaries of the current market rally.