The cryptocurrency world is on fire this month ā and itās not just Bitcoin making headlines. A historic price surge, a bold prediction from Donald Trump, and the signing of the Genius Act could mark a turning point for both digital assets and the U.S. dollar.
š„ Bitcoin Hits Record High Amid Federal Reserve Turmoil
Bitcoin has soared to $123,000 per coin ā doubling from its April lows. This rally has pushed the entire crypto market to an unprecedented $4 trillion valuation. Ethereum, XRP, and other top coins have followed suit, riding the wave of renewed investor optimism.
Even billionaire Elon Musk has stepped into the spotlight, hinting at a āBitcoin game-changerā thatās adding fuel to the fire.
šŗšø Trumpās Crypto Vision: Bigger, Stronger, Better
At the White House, President Trump signed the Genius Act stablecoin bill into law, calling it a āgiant step to cement American dominanceā in global finance and crypto technology.
āThe golden age of America is upon us, and with the crypto industry and U.S. dollar working togetherā¦ theyāll be stronger and bigger and better than ever before,ā Trump declared.
He proudly referred to himself as the first ācrypto presidentā, speaking before an audience of crypto executives who see the move as a massive validation for the industry.
šµ Stablecoins in the Spotlight
The Genius Act requires stablecoin issuers to hold fully-backed reserves in U.S. dollars or similarly liquid assets like government bonds. If an issuer manages over $50 billion in stablecoins, they must also submit annual audits.
Key points from the bill:
- ā No traditional interest payments to stablecoin holders (though Trumpās team hopes to change that in the future).
- ā Clearer rules for Wall Street and Silicon Valley firms looking to launch their own stablecoins.
- š Stablecoins like Tether (USDT) and USD Coin (USDC) already represent nearly $250 billion in market value.
Bo Hines, Executive Director of the White House Council on Digital Assets, summed it up:
āWeāre securing U.S. dollar dominance for decades to come. If you want access to our capital markets, youāll need a dollar-backed stablecoin.ā
š Crypto Market Gains: Ethereum & XRP Lead the Charge
Since September last year, the crypto market has added $2 trillion in value. Just this month:
- Ethereum surged +40%
- XRP skyrocketed +60%
This rally comes as traders bet that the Genius Act will pave the way for future pro-crypto policies from the Trump administration.
š Whatās Next? Big Decisions Coming
Next week, Trumpās digital asset task force is expected to reveal plans for:
- A U.S. Bitcoin strategic reserve (first ordered in March)
- A crypto stockpile including Ethereum, XRP, Solana, and Cardano
Meanwhile, the Senate is set to consider the Crypto Market Structure Clarity Act before the September 30 deadline, potentially bringing even more regulatory certainty to the space.
š Traders & Analysts: āMomentum is Buildingā
Crypto analysts are buzzing. Axel Rudolph of IG notes:
āBitcoin is hovering around $120,000, Ethereum has climbed to a six-month high, and altcoins like XRP and Litecoin are roaring back.ā
With surging ETF inflows and growing institutional interest, many believe weāre entering a decisive new phase for the crypto market.
š„ Bottom line: The combination of a booming market, Trumpās bullish stance, and landmark legislation could mark the start of a new era for both crypto and the U.S. dollar ā one thatās bigger, stronger, and better than ever before.
wrote by @laurenzvds
CryptoNewsHub 
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