Crypto Trio Surges as GENIUS Act Clears Congress—Wall Street Left Scrambling

Bitcoin, Ethereum, and XRP prices spike as the GENIUS Act sails through—another regulatory band-aid that’ll either ’protect investors’ or strangle innovation (depending on which lobbyist you ask).

Market reacts faster than lawmakers can draft loopholes. Classic.

Its market cap climbed to $306.73 billion, a 7.60% rise. However, trading volume over the past 24 hours dropped by 12.70%, now at $26.99 billion.

Bitcoin (BTC) also moved higher, gaining 2.90% in 24 hours to reach $105,376.02. The world’s largest crypto now holds a $2.09 trillion market cap, up 2.95% from the previous day. Its 24-hour trading volume dropped slightly to $55.66 billion, down 11.47%.

XRP saw a quick 2% surge within two hours after the news, though it settled down later in the day. It ended with almost a 4% daily gain, priced at $2.36. 

XRP’s market cap is now around $138.73 billion, slightly up by 3.43%, but its daily trading volume has dipped to $3.18 billion, down 15.99%.

The way prices reacted shows how closely the crypto crowd is paying attention to what’s happening in Washington. Now that regulation is finally moving forward, traders seem more hopeful that clearer rules might actually be on the way.

Also Read: ethereum price Prediction: ETH to Hit $4K in Peak Bull Run?