《What Stage Are We At in the Market?》

This morning, the mood in the Asian market is quite good, with $XRP becoming the second asset in the top 50 to reach a historical ATH after Bitcoin. Isn't it a bit inappropriate to say the bull market hasn't arrived?

From the surge starting at $ETH 1500, I found that there was still disagreement within the industry until yesterday, for example, arguing about 3000 and 3400. But as more and more signs indicate, the engine driving this recent bull market is the compliance process in the United States and the new institutional capital brought about by this compliance.

Ripple is a clear example; the recent price increase, apart from the usual capital rotation after Bitcoin broke new highs and stabilized, is also due to the noticeably warming regulatory environment for cryptocurrencies in the U.S.

Ripple's CEO stated that the SEC may withdraw some lawsuits against XRP, while the Trump camp plans to include XRP in the "strategic cryptocurrency reserve," enhancing compliance and institutional support.

With institutional investment products like ETFs and ETPs previously advocating for XRP (such as WisdomTree and ProShares XRP ETF), assets are flowing in through formal channels, and the funding structure supporting $XRP has undergone a transformation.

Compared to ETH, which still hasn't seen major fundamental innovations, Ripple's "banking licenses" and XRP Ledger smart contracts and other long-term projects are gradually beginning to realize their value in real-world scenarios, particularly in cross-border payments and tokenization platforms.

The combination of "macro bull market + regulatory easing + capital inflow + application expectations" ultimately manifested in the price of cryptocurrencies.

So, what stage are we at in the market?

When you can see a favorable cryptocurrency bill passing every little while, almost every day there are U.S. publicly listed companies declaring they are buying or planning to buy cryptocurrencies, and even the Federal Reserve Chairman, who insists on not easing, is being challenged, while the presidential family is fully invested in cryptocurrencies.

I really can't imagine where we would be if we are not in a bull market right now.

Institutional bull + policy bull rising period #ETH突破3600 #美国众议院通过三项加密货币法案