Market momentum in cryptocurrencies is shifting. After months of stabilization, altcoins are breaking resistance levels, and Bitcoin has surpassed $118,000.
The Financial Services Committee will discuss three key proposals that could change digital assets next week during "Crypto Week" in the U.S. House of Representatives. The CLARITY bill, the Anti-CBDC State Oversight Act, and the GENIUS Act will be on the agenda. These recommendations could clarify the cryptocurrency sector and have far-reaching implications.
Crypto is at a crossroads due to strong price movement and significant regulatory changes. Investors are watching as markets rise while U.S. lawmakers discuss rules for the industry. The next few days could define blockchain and digital money.
The crypto market is becoming bullish not only because of the price. Legal clarity and support from institutions in the U.S. are boosting investor confidence. Bulls are enjoying a dramatic change in momentum after months of uncertainty. Ahead of the July 4 deadline, the administration of U.S. President Donald Trump passed a long-awaited pro-crypto measure. Trump called the plan "great, beautiful," designed to benefit digital assets.
Bullish sentiment may rise next week when the U.S. House of Representatives kicks off "Crypto Week." The Financial Services Committee will analyze and discuss three key bills that will impact the industry. The CLARITY bill defines functional standards for digital asset market participants to stimulate innovation and protect consumers. Centralized digital currencies that threaten financial privacy are the target of the Anti-CBDC State Oversight Act. Finally, the GENIUS Act proposes state oversight for stablecoins, a rapidly growing payment system.
This momentum could lead to a full retest and breakthrough above ATH, initiating a new bullish cycle. Bitcoin may lose its edge as capital shifts to high-beta altcoins. Macroeconomic factors, such as falling prices and clearer regulations, are fueling this surge. A weekly close above $3.65 trillion will confirm this bullish movement.
