The cryptocurrency market welcomes significant policy favor. During 'Crypto Week,' the U.S. House of Representatives intensively passed three key bills, injecting a strong stimulant into the industry, and Bitcoin has returned to the high of $120,000.$XRP It has even broken through historical peak values, and the altcoin market is also heating up as a result.

The three major bills passed by the House of Representatives are the (CLARITY Act), the (GENIUS Act, commonly known as the Genius Act), and the (Anti-CBDC Surveillance State Act). Trump is expected to sign the Genius Act today (7/18) in U.S. time, paving the way for stablecoin regulation.

Former CFTC Commissioner and current CEO of the Blockchain Association, Summer Mersinger, stated that the anti-CBDC law shows lawmakers' support for privacy, market competition, and personal financial freedom.

Driven by favorable policies, Bitcoin once again broke through the $120,000 mark after fluctuating around $110,000 yesterday. As of the time of publication, Bitcoin is quoted at $120,344, with a daily increase of 2%. From the market performance, this rise is not an isolated event — on-chain data shows that the number of whale addresses holding over 1,000 Bitcoins increased by 8 in a single day, and there are obvious signs of institutional accumulation, indicating that large funds are optimistic about the market prospects under the policy dividends.

As the 'stabilizing force' of the crypto market, Bitcoin's stabilization around $120,000 not only stabilizes market sentiment but also lays the foundation for the rotation and rise of altcoins. Unlike the previous pattern of 'Bitcoin rising alone while altcoins remain silent,' this policy favorable encompasses the entire market, especially clarifying the regulatory positioning of other crypto assets beyond Bitcoin, opening up space for the altcoin market.

Among the many altcoins, Ripple (XRP) stands out the most. In the past 24 hours, Ripple has risen over 10%, not only breaking through the previous historical high of $3.40 but also briefly surging to $3.6607, currently still firmly in third place in the global cryptocurrency market capitalization.

The strong rise of XRP is supported by dual favorable factors. On one hand, the (CLARITY Act) clarifies the regulatory jurisdiction of crypto assets, potentially further clarifying XRP's legal status and alleviating the long-standing 'securities classification dispute' that has troubled its price; on the other hand, Ripple's long-standing lawsuit with the SEC is seeing signs of reconciliation — both parties submitted a joint application to the court on June 12, proposing to pay $50 million to the SEC from the $125 million held in escrow, with the remaining amount returned to Ripple, potentially bringing an end to this 'century lawsuit.'

With Bitcoin (BTC) and Ripple (XRP) leading the way, the altcoin market is gradually breaking free from the previous 'stagnation' and beginning to show structured opportunities. From a technical perspective, Dogecoin (DOGE) has become a potential target that has attracted much attention recently.

TradingView data shows that the current price has broken through $0.23, forming a typical 'double bottom pattern' — this technical signal is usually seen as a reliable sign of trend reversal. Analysts point out that if Dogecoin can stabilize above the key price of $0.25, it is likely to trigger a strong rise, with a long-term target that could even challenge $1, representing an upside potential of over 300% from the current price.

Actions at the corporate level add to the heat. Singapore company Bit Origin recently announced plans to raise $500 million to establish a Dogecoin reserve, with $400 million to be raised through equity financing and $100 million through convertible bonds. They have currently completed $15 million in debt financing, with part of the funds already used for the initial Dogecoin purchase. This move continues the trend of 'corporate crypto reserves,' and since MicroStrategy launched its Bitcoin accumulation plan in 2020, more and more companies are beginning to incorporate crypto assets into their long-term strategic reserves.

Another altcoin to watch is $UNI, as LD Capital founder Yi Lihua recently announced that UNI is their third-largest investment!

Conclusion

Overall, the passage of the three major crypto bills in the U.S. has injected certainty into the market, and the clarity of the regulatory framework is reshaping the valuation logic of cryptocurrencies. Bitcoin's stable performance supports the market, the historical new high of RippleCoin confirms the strong driving logic of 'regulatory favor + lawsuit reconciliation,' while the technical breakout signals of altcoins like Dogecoin indicate that market funds are spreading from top coins to potential targets.

For investors, while taking advantage of policy dividends, it is still necessary to pay attention to the details of subsequent bill signings and the flow of major capital, seeking certainty in structural markets.