Post-GENIUS Act Optimism Fuels Market Rebound as XRP, Dogecoin, and Cardano Outperform

ETH Surge Sparks Altcoin Rally as GENIUS Act Ignites Institutional Demand

Crypto markets saw a sharp upswing over the past 24 hours, driven by renewed investor confidence and surging demand for Ethereum (ETH) following the passage of the pro-crypto GENIUS Act.

ETH rose 8.1% to $3,601, extending its weekly gains to over 21% as traders positioned ahead of expected institutional flows. The rally was further fueled by SharpLink Gaming’s announcement that it would raise its equity sale target from $1 billion to $6 billion to fund additional ETH purchases, cementing its position as the largest corporate ETH holder.

“Ethereum is gaining traction as a treasury asset,” said Eugene Cheung, Chief Commercial Officer at OSL. “This signals a broader shift among companies embracing crypto as part of their financial strategy.”

The passage of the GENIUS Act has also bolstered sentiment across the market, sending Bitcoin (BTC) briefly to new all-time highs above $120,000 before stabilizing. But the momentum has clearly shifted toward ETH and altcoins.

XRP climbed 17.2%, Cardano’s ADA added 14.6%, and Dogecoin gained 12.5% in the past day, as traders rotated into large-cap tokens seen as undervalued relative to ETH’s breakout.

These altcoins often rally alongside Ethereum during periods of increased risk appetite, particularly when investors seek higher beta plays among Ethereum Layer 1 competitors and legacy majors.

“We’re seeing a classic catch-up trade,” said Jeff Mei, COO of BTSE. “With ETH leading, traders are moving capital into other high-liquidity tokens in anticipation of broader altseason momentum.”

ETH trading volume reached $64 billion over the past 24 hours, and inflows into ETH-linked ETFs have accelerated. Meanwhile, the ETH/BTC ratio has begun climbing, reflecting a reassertion of Ethereum’s market leadership.

While Bitcoin continues to act as a macro hedge, Ethereum’s growing role in treasury strategies is reshaping how institutional investors view crypto exposure.

“If the current pace continues, ETH could revisit all-time highs,” Mei added. “And with favorable macro conditions, altcoins are poised to follow.”