Washington’s move to regulate stablecoins with the GENIUS Act, coupled with prospects of crypto in retirement funds, has ignited a broad-market rally, pushing the total digital asset valuation to unprecedented highs.
The cryptocurrency market reached a historic milestone this week, with its total capitalization pushing past $4.000.000.000.000 for the first time. The rally was fueled by a significant development in Washington D.C., where the U.S. Congress passed the “GENIUS Act,” a landmark piece of legislation aimed at providing a clear regulatory framework for stablecoins.
This move toward regulatory clarity has been widely welcomed by the industry. Analysts suggest the bill could be the first step in demystifying the operational landscape for digital assets in the world’s largest economy. The positive sentiment was further amplified by reports that U.S. President Donald Trump is preparing to authorize cryptocurrency investments for 401(k) retirement plans, potentially unlocking a $9 trillion market.
A Market-Wide Surge Beyond Bitcoin
While Bitcoin achieved a new all-time high, the most remarkable trend has been the explosive growth in alternative cryptocurrencies, or “altcoins.” This shift is clearly reflected in market dominance figures.
According to data from TradingView, Bitcoin’s dominance fell by 4,8 percentage points over the week to 61,67%. This indicates that capital is flowing decisively into other assets. The market’s health is underscored by the following key metrics:
| Market Metric | Weekly Change | Significance |
| Total Crypto Market Cap | +4,43% | Shows overall market growth and new capital inflow. |
| Altcoin Market Cap (Ex-BTC) | +13,19% | Highlights that altcoins are significantly outperforming Bitcoin. |
| Market Cap (Ex-BTC & ETH) | +10,00% | Confirms a broad-based rally across the wider crypto ecosystem. |
XRP has been a standout performer, with its market capitalization crossing the $200 billion threshold amidst forecasts that it could reach $250 billion by year-end.
Technical Outlook for Major Assets
After setting a new peak of $123.231,07 on July 14, Bitcoin has entered a period of consolidation. The price is currently trading within a contracting range between $116.000 and $122.000. A breakout from this range will likely dictate the next major move. A dip below $116.000 could signal a retest of the previous high near $112.000, which now acts as a critical support level.
Ethereum has displayed strong bullish momentum, breaking out of a consolidation pattern around $2.850 on July 10 and rallying to a high of $3.677,40. The primary challenge for ETH now is overcoming the resistance zone between $3.700 and $3.750. If it fails to break through, a pullback towards the $3.220 – $3.280 support area is possible. A sustained move above $3.750 could clear the path for a run at its all-time high of $4.100.
XRP (XRP/USD)
XRP is currently testing a key rising trendline resistance area between $3,55 and $3,65. After breaking a major falling trendline earlier in the month, the asset’s trajectory depends on conquering this new obstacle. Failure to do so could lead to a gradual dip toward the $3,25 – $3,30 support zone.
Solana (SOL/USD)
Solana is trading near a significant resistance region of $184 – $187. The price action in the coming days is crucial. A sustained break above $187 would put the psychological $200 level and the $208 region in sight. Conversely, if the resistance holds, a correction towards support at $174 or even $162 could be on the cards.
