Crypto total market capitalization surges to all-time high. House passes three key crypto bills

The total market capitalisation of the global crypto market soared to a new all-time high of $3.92 trillion last week, following a pivotal moment in U.S. regulatory progress, with the House of Representatives passing three major crypto bills during what is being referred to as "Crypto Week", according to Simon Peters, crypto market analyst at eToro.

The surge was driven largely by altcoins, which added an impressive $200 billion to their market capitalisation and saw their dominance relative to Bitcoin increase by 6%. This shift has raised speculation that a new alt-season may be underway, as investor sentiment continues to strengthen beyond the traditional market leader.

One of the most notable developments was the record-breaking inflows into Ethereum spot ETFs, which saw a total of $2.18 billion in institutional investments over the week. The single biggest day was Wednesday, which recorded $726.6 million in inflows – a clear indicator of intensifying institutional interest in the second-largest cryptoasset.

"The passing of these bills could mark a turning point for crypto regulation and investor confidence, especially in altcoins with ties to the U.S. market," said Peters. "As Bitcoin dominance declines, investors are beginning to explore opportunities further along the risk curve."

With legislative clarity improving and institutional interest rising, the crypto market appears to be entering a new phase of growth and diversification.

BIGGEST MOVERS

Tezos $XTZ was one of the biggest movers last week, rallying 80% to $1.20, the highest price since January, due to whales aggressively buying.

Separately, memecoins, given their more speculative nature, saw double digit gains last week. $FLOKI being the biggest mover in the category, up 43%.

Discover more here: https://www.etoro.com/discover/markets/cryptocurrencies/market-movers&n…;

EYE-CATCHING STORIES

House passes three crypto bills

In what was dubbed as ‘Crypto Week’ the House of Representatives passed three key crypto bills last week, a major step forward in achieving regulatory clarity for cryptoassets in the US.

After lengthy discussions the Digital Asset Market Clarity (CLARITY) Act, Anti CBDC Surveillance State Act and GENIUS Act were passed by the House.

The former two will now head to the Senate for approval, whilst GENIUS, as it has already passed the Senate, will now head to President Trump’s desk to be signed into law.

The CLARITY Act lays out definitions to distinguish between which cryptoassets fall under securities and which fall under commodities, and in turn which regulator, either the SEC or CFTC, is responsible.

The Anti-CBDC Surveillance State Act prevents the Federal Reserve from developing or issuing a Central Bank Digital Currency.

GENIUS establishes the first federal regulatory framework for payment stablecoins - tokens whose values are pegged to fiat currencies such as the US dollar.

As well as the overall capitalisation of stablecoins significantly growing in the years to come as financial institutions and major retailers form their own stablecoins, the prices of the native cryptoassets of the blockchains on which these stablecoins are issued could also benefit, as typically the price of the native cryptoasset correlates to increased network activity.

Trump preparing executive order to allow 401K plans to invest in cryptoassets

As reported by FT.com, President Trump is preparing to sign an executive order that would allow 401K plans to include cryptoassets, as well as gold and private equity marking a major shift in how Americans can invest their retirement savings.

The executive order would instruct regulatory agencies to assess and remove the existing barriers which currently prevent investment in these alternative assets.

The US retirement market stands at around $9 trillion. Even a small percentage flowing into the crypto space could drive significant adoption and price increases of included cryptoassets.