Altcoins Soar as ETH Leads Market Revival Post-GENIUS Act Passage
A renewed wave of risk appetite swept through crypto markets over the past day, with Ethereum (ETH) and major altcoins rallying sharply amid rising institutional interest and favorable macro signals.
ETH jumped 8.1% in the last 24 hours to reach $3,601, marking a 21.3% weekly gain as treasury demand strengthens and investors reposition ahead of a potential Ethereum-led bull cycle.
One of the key drivers: SharpLink Gaming, now the largest corporate holder of ETH, expanded its equity offering to $6 billion, fueling further ether purchases and echoing early Bitcoin treasury plays by companies like MicroStrategy.
“The surge in ETH reflects a shift in long-term strategy,” said Eugene Cheung, CCO at OSL. “Institutions are not just dipping their toes—they’re diving into ETH as a reserve asset.”
The broader crypto market caught fire following the passage of the GENIUS Act, widely seen as a major pro-crypto legislative win in the U.S. Bitcoin briefly touched new all-time highs, holding near $120,286, as sentiment turned decisively bullish.
Large-cap altcoins followed ETH’s lead. Cardano (ADA) soared 14.6%, XRP added 17.2%, and Dogecoin (DOGE) rose 12.5%, benefiting from what traders described as a “beta rotation” into assets lagging behind ETH.
These tokens tend to gain traction when confidence returns to the market and capital flows into high-liquidity Ethereum alternatives and legacy majors.
“ETH is setting the pace, but the rest of the market is starting to catch up,” said Jeff Mei, COO at BTSE. “The trend points to a broader altcoin resurgence, especially if the Fed cuts rates in the coming months.”
ETH’s trading volume surged to $64 billion in 24 hours, with growing inflows into ETH-linked ETFs reinforcing the asset’s dominance. The ETH/BTC ratio has started climbing again, signaling a renewed shift in market leadership.
Developers and analysts alike now see ETH reclaiming its role at the center of crypto’s next leg higher — not just as a smart contract platform, but as a financial instrument powering corporate treasuries and institutional portfolios.
“Ethereum’s breakout may just be the beginning,” Mei added. “If momentum holds, we’re staring at a very real altcoin season ahead.”
