Ethereum Takes Flight Amid Altcoin Rally; Stablecoin Bill Fails in Congress

Ethereum prices are surging as part of a broader altcoin rally, fueled by growing DeFi adoption and increased institutional interest. Meanwhile, the Senate failed to advance a key cryptocurrency regulation bill known as the GENIUS Act. This setback raises concerns for retail investors who hope for clarity on crypto regulations. On the geopolitical front, President Trump’s approach towards China could impact the crypto market. A potential trade deal with China might trigger a rally in Bitcoin and other cryptocurrencies.