In the past week, there has been little significant macro data in the market. Market sentiment is primarily driven by a few factors. Will Trump take any major actions? Will the China-U.S. trade relationship continue to improve effectively? Are there any signs of a ceasefire in the Russia-Ukraine conflict? All of these could continue to drive up the price of Bitcoin. Recently, the most noteworthy development is that the support for the crypto market in the U.S. has been increasing! Arizona, New Hampshire, and Texas have passed the "Bitcoin Reserve Act," along with the recently preliminarily passed "Stablecoin Act." The U.S. is accelerating the push for the regulation and scaling of the crypto industry.

After the bill is passed, it will clarify the rules, and the issuance of stablecoins may surge, attracting more funds into the crypto market, increasing liquidity, and benefiting the cryptocurrency sector in the long term. Policy first, legislative protection, is what allows an industry to grow strong, and these bills are clear signals. Additionally, it is important to note that several Federal Reserve officials have recently stated that there will be no interest rate adjustments in the short term, with a high probability of no rate cuts in June and July. They are also observing the impact of tariffs on inflation, whether it is a one-time shock or a long-term effect. Today's data shows that the probability of a rate cut in June is only 8.6%, 30.8% in July, and rises to 51.3% in September, with the market generally expecting a rate cut to occur in September.