Cryptocurrencies Surge Up to 23% This Week
Other major altcoins also posted notable weekly gains: BNB rose 6.3% to $738.34; Solana (SOL) climbed 8.8% to $178.43.
Quick overview
- Bitcoin (BTC) remained stable at $117,588, down 1.7% in the past 24 hours but flat over the last week.
- Ripple (XRP) led the altcoin rally with a weekly gain of 23.4%, while Ethereum (ETH) rose 20.0% to $3,591.69.
- The U.S. House of Representatives passed the GENIUS Act to regulate stablecoins, awaiting President Trump's signature.
- BlackRock's Ethereum ETF saw over $546 million in inflows, with Nasdaq seeking SEC approval for staking rewards.
Bitcoin (BTC) remained stable at the close of the week, trading against the trend of altcoins, which extended their strong weekly gains. Ripple (XRP) led the rally, while Ethereum (ETH) held firmly above $3,500.
The leading cryptocurrency traded at $117,588, down 1.7% in the past 24 hours but flat (0.0%) over the last seven days. ETH jumped 4.5% to $3,591.69, bringing its weekly gain to 20.0%, while XRP surged 2.9% on the day and 23.4% for the week to $3.46, according to FXLeaders data.
On Thursday, the U.S. House of Representatives passed the GENIUS Act, making it the first comprehensive legislation to regulate stablecoins—crypto assets pegged to real-world assets, typically the U.S. dollar. The bill now awaits the signature of President Donald Trump, who has already expressed his support.
Other major altcoins also posted notable weekly gains: BNB rose 6.3% to $738.34; Solana (SOL) climbed 8.8% to $178.43; Dogecoin (DOGE) jumped 11.8% to $0.2353; and Tron (TRX) advanced 8.1% to $0.3257.
Ethereum and Ripple Reach New Highs in Price and Institutional Inflows
The broader crypto market remains in bullish territory, with BTC consolidating below its recent all-time high, and both ETH and XRP setting new records in price and institutional capital inflows, according to Buenbit.
BlackRock’s Ethereum ETF (ETHA) led inflows with more than $546 million in a single day. Meanwhile, Nasdaq formally requested SEC approval to allow staking rewards within the ETF—potentially marking the first time a traditional financial product would enable investors to earn passive income on Ethereum while remaining within a regulated framework.
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