🚨BREAKING NEWS TODAY🚨
1. The U.S. House of Representatives' "Crypto Week" is about to kick off
– The U.S. House will hold a "Crypto Week" focusing on three key bills: GENIUS Act (allows private companies to issue stablecoins with a 1:1 reserve requirement and compliance with AML), CLARITY Act (clarifies the regulatory roles between the SEC and CFTC), and Anti-CBDC Surveillance State Act (prohibits the Fed from issuing central bank digital currency)
– If the GENIUS Act is passed, large retail corporations like Walmart or Amazon could quickly launch their own stablecoins, saving billions in credit card fees and altering the global payment landscape
2. Bitcoin and Ethereum hit new highs
– Bitcoin continues to set record highs, nearing $118,860, marking a strong upward trend amid concerns over the declining value of the USD due to high government spending
– Ethereum also reached its peak for 2025 around $3,040, reflecting positive investor sentiment and abundant ETF capital flows
3. Institutional demand and long-term momentum
– Companies like MicroStrategy (MSTR) and CleanSpark are aggressively increasing their Bitcoin positions, along with the trend of asset tokenization and digital asset ETFs, continuing to bolster confidence in a bullish cycle extending to the end of 2025
– Analysts predict Bitcoin's price could reach $180,000 this year if institutional capital continues to flow in as it is currently.
📊In summary, the "Crypto Week" at the U.S. Congress, along with the race to new highs for Bitcoin and Ethereum, is creating strong momentum for the bullish trend in the digital asset market both in the short term and long term.