#USCryptoWeek

●▪︎ Appearance of Regulatory Stimuli

Three bills are under discussion in the U.S. Congress during "Crypto Week" (July 12-19):

- The Genius Act: Requires stablecoin reserves and monthly audits

- The Clarity Act: Expands the oversight of the Commodity Futures Trading Commission (CFTC) and restricts the jurisdiction of the U.S. Securities and Exchange Commission (SEC)

- The Central Bank Digital Currency (CBDC) Monitoring Act: Hinders the development of digital currencies by the Federal Reserve

Analysts point out that gradual progress may establish Bitcoin's role in institutional portfolios (Cointribune).

●▪︎ Technical and Market Dynamics

Bitcoin's price rose by 8.97% weekly (data as of July 12) after surpassing the resistance level of $118,000, supported by:

- Golden cross (50 days > 200 days)

- ETF inflows: Daily inflows of $953 million to IBIT (July 11)

- On-chain stability: 75.86% of addresses have held Bitcoin for more than a year