Bitcoin Rises Due to Passage of US Regulatory Bill: On July 18, Beijing time, according to CCTV News, on July 17 local time, the US House of Representatives passed the 'Guidance and Establishment of the US Stablecoin National Innovation Act' (the 'Genius Act') and the 'Clarity Act'. Following the news, Bitcoin and other cryptocurrencies saw an increase. As of July 18 at 10:24, the latest price of Bitcoin was $120,200, with a 24-hour increase of 1.48%, a nearly 30-day increase of 12.27%, and a nearly 3-month increase of 41.10%.

Retail Investors Lead Current Bitcoin Surge: According to a report from CaiLianPress on July 18, with Bitcoin reaching a historic high this week, some analysts state that the current surge is still primarily driven by retail investors, while the role of institutional investors is just 'beginning to take shape'. However, as pension funds and other long-term buyers incorporate Bitcoin into their portfolios, there is still room for growth in institutional investor demand. $BTC #山寨币突破