Summary
The wave of U.S. cryptocurrency policy and the influx of institutional capital are driving up cryptocurrency prices, including those of XRP and Dogecoin.
Summary: The wave of U.S. cryptocurrency policy and the influx of institutional capital are driving up cryptocurrency prices, including those of XRP and Dogecoin. According to CoinCircle, recently, propelled by the dual factors of rising market sentiment and macroeconomic developments, cryptocurrency prices have experienced a significant rebound. Particularly in Washington D.C.'s policy
Positive news has injected new vitality into the market.
Among the top 20 cryptocurrencies by market capitalization, XRP stands out with a nearly 20% increase in a single day and over 43% in a week. According to CoinGecko, Dogecoin, as the first meme token, recorded increases of 9.5% and 19.5% during the same period.
Sean Dawson, head of research at the on-chain options platform Derive, stated in an interview that 'the favorable policies of the U.S. government and the timely participation of institutional investors have revitalized the cryptocurrency market.'
This Thursday, the U.S. House of Representatives passed three cryptocurrency-related bills, further boosting market optimism.
Among them, the highly anticipated Genius Bill has been approved by the Senate and will next be submitted for President Trump’s signature.
If the bill successfully becomes law, it will provide a clear framework for private companies to issue stablecoins, including reserve requirements, audit standards, and transparency regulations.
Additionally, the House of Representatives has also passed the CLARITY Act and the Anti-CBDC Surveillance State Act. The former aims to establish a regulatory framework for cryptocurrencies, while the latter seeks to prevent the Federal Reserve from issuing central bank digital currency. However, both bills still require Senate approval before entering the presidential review stage.
This series of legislative actions marks an important step taken by the Trump administration in reshaping U.S. cryptocurrency policy, aiming to make the U.S. a 'global crypto
Center.
Dawson pointed out that the massive tax cuts and spending plan recently introduced by the Trump administration have also had a profound impact on the cryptocurrency market. 'In addition to continuing previous tax reduction policies, the substantial increase in government spending has raised concerns about a potential debt crisis and inflation, prompting investors to turn to assets like cryptocurrencies to hedge against inflation risks.'
He also mentioned, 'We have observed the rapid rise of Ethereum treasury companies like Sharplink Gaming and Bitmine Immersion Technologies, which
Indicates that market funds are accelerating into the blockchain ecosystem.
It is worth noting that the number of new addresses on the XRP network has significantly increased. Research from Santiment indicates that this is a positive signal, suggesting that new capital is continually flowing into the XRP ecosystem.
Dawson analyzed that 'Bitcoin's high beta coefficient' is one of the key reasons XRP and Dogecoin have recently outperformed other cryptocurrencies, which has also attracted significant
The amount seeks high returns from speculative funds.
However, he warned investors that these assets may experience severe corrections during economic downturns.
Meanwhile, other altcoins like Curve DAO, Bonk, and Hedera have also seen increases of over 40% in the past week. Veteran trader Peter Brandt recently stated on social media that XLM is one of the most 'bullish' cryptocurrencies in the current market.
