Bitcoin News Today: Trump's Policies, Institutional Adoption Boost Crypto Market to $4 Trillion, Ethereum ETFs Outpace Bitcoin with $1B Inflows

The global crypto market capitalized on a historic surge past $4 trillion earlier this week, driven by institutional adoption and policy shifts under former U.S. President Donald Trump’s leadership. By Wednesday, the market had retreated to approximately $3.85 trillion, yet Bitcoin (BTC) and Ethereum (ETH) remained central to the rally. BTC traded near $115,512, close to its July 14 all-time high of $123,077, while ETH hovered around $3,619—a 25% discount to its peak but showing signs of accumulation [1]. Analysts noted cautious sentiment, with Santiment observers highlighting uncertainty among traders [1].

Trump’s policy agenda became a catalyst. Last week, he signed the Genius Act, the first federal U.S. law regulating stablecoins, mandating 1:1 USD reserves for issuers to bolster trust in dollar-pegged tokens. The law, described by Trump as “a massive validation” of the crypto community, aims to reduce volatility and expand stablecoin utility for remittances and institutional investment [1]. His administration is also considering allowing retirement funds to hold digital assets, a move that could unlock $9 trillion in assets under management for crypto markets. Complementing these efforts, Trump established a Strategic Crypto Reserve and appointed a “Crypto Czar,” signaling a long-term infrastructure focus [1].

Major U.S. banks have mirrored this embrace, with JPMorgan preparing crypto-backed loans and Citibank, Bank of America, and Morgan Stanley exploring stablecoin products [1]. This represents a stark reversal from prior skepticism, exemplified by Jamie Dimon’s now-defunct “fraud” remarks about Bitcoin. However, critics have raised concerns over potential conflicts of interest, citing reports that the Trump family holds $2 billion in Bitcoin. Such exposure, they argue, may influence policy decisions favoring Bitcoin’s interests [1].

The market’s momentum, while robust, faces headwinds. Two congressional crypto bills remain pending, including one that could transfer regulatory oversight from the SEC to smaller agencies—a shift welcomed by industry advocates but feared by watchdogs. Meanwhile, altcoin performance varied: XRP dipped to $3.20, Solana (SOL) fluctuated between $140–185, and Dogecoin (DOGE) tested $0.21 with mixed technical signals [1].

Institutional adoption is accelerating, with over 10% of Bitcoin’s total supply now held by institutions [5]. Ethereum, in particular, has attracted significant inflows, with $1 billion flowing into Ethereum ETFs during their anniversary week, outpacing Bitcoin’s funds [2]. Open interest for Ethereum exceeded $24.5 billion, reflecting heightened trading activity [3].

Despite optimism, volatility persists. A $8 billion Bitcoin whale offloaded holdings via Galaxy Digital, pushing BTC to $115,000 [4]. Analysts warn of potential support retests at $110,000 if the market cools.

The interplay of Trump’s policies, institutional moves, and regulatory developments has reshaped the crypto landscape. While Bitcoin and Ethereum remain dominant, altcoins like XRP and Cardano are gaining traction in decentralized finance (DeFi) and cross-chain applications. The market’s trajectory will likely hinge on how these factors evolve in the coming months.

Sources:

[1] [ZyCrypto: Trump's Crypto Move Drives Market to $4 Trillion](https://zycrypto.com/trumps-crypto-move-drives-market-to-4-trillion-as-major-banks-embrace-bitcoin-ether-xrp-solana-shib-cardano/)

[2] [CryptoSlate: Ethereum ETFs Soar Past Bitcoin](https://cryptoslate.com/)

[3] [CryptoSlate: Ethereum Open Interest Tops $24.5B](https://cryptoslate.com/)

[4] [CryptoSlate: Ancient Whale Sells $8B Bitcoin](https://cryptoslate.com/)

[5] [CryptoSlate: Institutions Hold 10% of Bitcoin Supply](https://cryptoslate.com/)