The crypto market jumped in 24 hours, with top cryptocurrencies posting big gains. Ethereum (ETH) led the way, which climbed by 8.1% in just one day. This jump came as more big companies began buying ETH, showing more trust in it as a long-term digital asset. New laws, like the GENIUS Act, also helped push higher confidence levels among traders.
As ETH moved up, other popular altcoins, such as Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE), saw strong price increases as traders rushed to make the most of the market’s rising energy.
ETH leads the way in a strong market push
ETH’s price climbed to $3,601, capping a 21% gain over the past week. The surge followed reports of major firms adding ETH to their long-term portfolios—an emerging trend that strengthens its status as a key digital asset.
No longer viewed solely as a smart contract platform, ETH is now seen by institutional investors as a store of value, echoing the early growth of Bitcoin (BTC). As this confidence grows, ETH’s role in the broader crypto landscape continues to solidify.
SharpLink’s $6B ETH move
One of the most evident signs of ETH’s growing appeal came from SharpLink Gaming, which recently expanded its stock sale to increase Ethereum holdings. These echo strategies were once used by companies like MicroStrategy with BTC. This signals that more firms now view ETH as a reliable store of value, and others may soon follow.
This institutional shift could also impact everyday crypto use, from online payments to placing bets on platforms like Puntit betting site, where ETH and other coins are becoming more widely accepted and trusted.
GENIUS Act gives crypto a boost
Another big reason for ETH’s rise is the GENIUS Act, a new law in the U.S. that supports crypto growth. Once it passed, traders grew more open to risk and moved more money into ETH and other major coins.
This law has been seen as a clear sign that crypto is now getting more support from lawmakers, which could help the whole market grow. It also fueled the view that crypto may become a much bigger part of global finance.
Ripple effect on other top cryptos
Following ETH’s recent surge, other well-established altcoins also saw significant gains in the past 24 hours:
- ADA climbed 14.6%
- XRP rose 17.2%
- DOGE advanced 12.5%.
These coins often follow ETH’s momentum when traders feel more confident. Many investors take advantage of ‘catch-up’ trades, chances to profit from altcoins that lag behind ETH’s initial rally but are expected to follow a similar upward trend.
Big bets and high trade volumes
ETH also saw a sharp increase in trade activity, with its 24-hour volume reaching $64 billion—an indicator of growing market interest and substantial capital inflows.
Analysts believe ETH could reach new highs if this upward trend continues.
Investment is also pouring into ETH-linked exchange-traded funds (ETFs), providing institutional and retail investors with a more accessible and regulated path to Ethereum exposure. These products are helping build greater trust in ETH as a long-term asset.
ETH vs BTC: A changing story
BTC has been the most widely held digital asset by market cap, but ETH is beginning to close the gap in some key areas. The rising ETH/BTC price ratio signals growing investor confidence in Ethereum’s potential for future gains.
While BTC still enjoys strong institutional support, Ethereum’s increasing value and expanding utility in decentralised finance (DeFi) and smart contracts are solidifying its place in the market. This shift could prompt traders and companies to re-evaluate how they approach digital asset investment.