CoinSpotMarket Update
XRP Hit Record Highs & Ethereum Regains Momentum
3 minutes
7 days ago
3 minutes
7 days ago
Bitcoin (BTC) and XRP (XRP) hit all-time highs of $187,000 ($123,000 USD) and $5.60 ($3.65 USD), respectively. Other altcoins, including SPX6900 (SPX) and Pudgy Penguins (PENGU), also hit all-time highs in recent days.
Coinciding with BTC’s rise, Bitcoin dominance—which measures BTC’s market cap as a percentage of the combined market cap of all cryptocurrencies—fell sharply, meaning that altcoins outperformed BTC in general.
One major driver behind BTC dominance’s fall was Ethereum (ETH) going on a strong run over the past two weeks, hitting its highest price of 2025 to date. While several factors likely contributed to ETH’s rally, the emergence of various ETH treasury companies has likely been a contributing factor.
Crypto exchange-traded products (ETPs) recorded their largest-ever weekly inflows of $6.69B ($4.39B USD), according to CoinShares. It marked the fourteenth consecutive week of net inflows.
Similarly, Ethereum ETPs recorded net inflows of $3.3B ($2.2B USD) for the week, nearly double the previous weekly record. The inflow surge reflects renewed institutional interest in ETH, and coincided with ETH’s price rebounding to its highest level since very early this year.
U.S. President Donald Trump signed a landmark bill last Friday to regulate stablecoins, which are cryptocurrencies pegged to assets like the U.S. dollar to maintain stable value. With the bill—known as the GENIUS Act—now signed into law, banks and other financial institutions have a greater degree of certainty before issuing their own stablecoins.
Stablecoins have been a key theme in recent times, with global fintech and payments companies (e.g. Visa, PayPal, Stripe) expanding into the space, driven by stablecoins’ potential for faster, cheaper, and more transparent cross-border transactions. (Learn more about stablecoins.)
U.S. President Trump signing the GENIUS Act into law (Source: The White House)
