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The cryptocurrency market stabilized following significant fund outflows from Bitcoin and Ethereum ETFs, driven by new tariffs imposed by Trump, causing investor caution. XRP led market gains, but overall sentiment remains unstable amid economic concerns.

The recent EU tariff agreement, recognized by President Trump, has boosted market optimism, leading Bitcoin to approach $120,000 and Ethereum to rise to $3,932. This indicates a strong demand for cryptocurrencies driven by institutional interest and macroeconomic stability.

Investors have shifted funds from Bitcoin to major tokens, boosting Ethereum to over $3770. Solana surged to $203 driven by Jito's Block Assembly Marketplace, while DeFi tokens like Uniswap and Aave soared due to ETF inflows and optimistic regulations.

In response to the growing interest from institutional investors and the establishment of the GENIUS Act, Ethereum surged 8.1% in 24 hours, causing the crypto market to rise. SharpLink Gaming reflects a shift in positioning cryptoassets as macro assets, expanding its stock sale amount to $6 billion to increase its ETH holdings. Major coins such as Cardano, XRP, and Dogecoin recorded a significant rise due to the momentum of ETH and the increased confidence in the market. The crypto market has surged in the past 24 hours. Ethereum (ETH) and major tokens are experiencing a surge due to a recovery in risk tolerance, increased financial demand for ETH, and macroeconomic tailwinds from the establishment of the GENIUS Act.

Deng Tong, Golden Finance On Thursday local time, the U.S. House of Representatives passed three cryptocurrency-related pieces of legislation: the "CLARITY Act," the "GENIUS Act," and the "Anti-CBDC Surveillance State Act." The "CLARITY Act" and the "Anti-CBDC Surveillance State Act" will be sent to the Senate for review. The "GENIUS Act" is expected to be officially signed into law by Trump on Friday local time. The act will take effect 18 months after Trump's signature, or 120 days after the so-called "major federal payment stablecoin regulatory agencies," including the Treasury and the Federal Reserve, issue the final regulations implementing the "GENIUS Act." With the favorable news of U.S. regulatory policies being implemented, the crypto market has seen a widespread rally. BTC has once again broken through $120,000, currently at $119,986, with a 7-day increase of 2.6%. Affected by many favorable factors, E