Crypto Market Surge and Regulatory Milestones Signal Bullish Sentiment

This week, the cryptocurrency scene experienced notable developments. Bitcoin surpassed $110,700, achieving a new all-time high and rising by 47% since April's lows. The overall market capitalization increased significantly to $3.51 trillion, with daily trading volumes exceeding $171 billion. Major wallet holders acquired over 25,000 BTC within a day, indicating strong institutional interest. Coinbase's inclusion in the S&P 500 led to a 13% stock jump, marking a milestone for crypto adoption in mainstream indices. Legislative progress was made with the passage of the GENIUS Act in the Senate, setting the stage for potential stablecoin regulation that mandates backing by USD or Treasuries. XRP launched a futures ETF on Nasdaq, signaling increased acceptance of altcoins. However, security concerns emerged as Cetus Protocol on the Sui network faced a $260 million hack, and Coinbase reported a staff data breach, offering a $20 million reward for hacker information. Institutional aggregators like Semler Scientific added another $50 million worth of BTC, bringing their total to 4,264 BTC, while BlackRock's ETF experienced record inflows amid Bitcoin's rally. Investor sentiment appears bullish, with the Crypto Fear & Greed Index reaching 72, reflecting widespread optimism. Overall, the market exhibits strong bullish momentum, supported by institutional activity, regulatory advancements, and mainstream adoption, though security incidents highlight ongoing risks.