The crypto market is flashing green today with Bitcoin touching an all-time-high of $112K today as major altcoins rebound with strength. Bitcoin continues to hover near key resistance, but Ethereum (ETH), Solana (SOL), and XRP are seeing renewed investor interest. This sudden upswing is not just a random bounce; analysts say the momentum is being fueled by upcoming regulatory clarity, institutional moves, and growing retail optimism.
The rally was largely sparked by fresh comments from Ripple CEO Brad Garlinghouse, who spoke before the U.S. Senate Banking Committee, urging lawmakers to pass long-overdue crypto market structure legislation.
Meanwhile, the buzz of altcoin season peeping in came when Ethereum surged to $2,771.37 today, XRP rallied to $2.42, and Solana spiked to $157.22, marking one of the strongest days for altcoins in weeks.
In a recent Altcoin Daily Youtube Video the analysts pointed that the approval of the Bitcoin ETFs was first beginning. The market is bullish particularly with the U.S. Market Structure and recently passed Stablecoin Bills, could open the floodgates for altcoins.
Meanwhile the crypto week ahead is These bills aim to finally define what constitutes a coin, a layer-1 platform, an NFT, or a DeFi protocol. While retail investors can already tell the difference, big institutional players won’t move until the rules are on paper. That’s where Ethereum, Solana, and XRP come in.
The analyst believes that just like ETFs gave Bitcoin legitimacy, these bills will do the same for top altcoins. For example, Solana has carved a niche in the AI and high-performance space. Ethereum remains a foundational layer for DeFi and NFTs. XRP, with its cross-border utility, is already seeing a shift in sentiment thanks to a friendlier regulatory backdrop.
In a major development, Ripple has announced a partnership with BNY Mellon, one of the most trusted custodians in traditional finance. Altcoin Daily points to this as a clear signal that the tide is turning, where crypto once faced headwinds, it now sees growing support from legacy institutions.
The analyst emphasizes that projects with American roots and regulatory alignment, like Ethereum, XRP, and Solana, will likely thrive in the next cycle. He also highlighted Supra, which recently processed over 5 million daily transactions, outperforming Ethereum’s base chain, a sign that new players are also gaining traction.
Today’s rally, the analyst says, is driven by retail front-running institutions. While the stablecoin bill awaits final approval and Trump’s sign-off, it’s already paving the way for the “big money” to enter. With partnerships, improved infrastructure, and regulatory clarity aligning, Ethereum, Solana, and XRP are set to benefit massively.
The crypto market is flashing green today, July 10, 2025. Bitcoin touched a new all-time high of $112,000, and major altcoins like Ethereum, XRP, and Solana are seeing strong rebounds and renewed investor interest. The total crypto market capitalization has climbed to $3.47 trillion.
Bitcoin ETF approval provided traditional investors regulated, easy access to BTC, increasing demand and legitimacy. Similar altcoin ETF approvals would unlock billions in institutional capital for those specific assets, mirroring Bitcoin’s market impact.
Retail investor sentiment, often reacting to “FUD” (fear, uncertainty, doubt), can signal breakout moments by selling, allowing “smart money” (institutions) to buy. Institutional entry brings larger capital, potentially leading to more stability and mature market infrastructure over time.
Garlinghouse’s testimony boosts market confidence by emphasizing bipartisan agreement that crypto is here to stay. He advocated for clear jurisdictional boundaries for regulators, pathways for companies to build in the U.S., and legislation to ensure the U.S. becomes a global crypto leader.
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