With the intensive introduction of 'crypto-friendly' policies in the U.S., the crypto market is experiencing explosive momentum. The House of Representatives has just passed three significant crypto regulatory bills unanimously, clarifying the regulatory framework, promoting compliance for stablecoins, and restricting central bank digital currency (CBDC) monitoring, rapidly warming market sentiment. Bitcoin has broken through the $120,000 mark, and Ripple (XRP) has skyrocketed to historic highs. The activity of altcoins is also accelerating, and a structural market trend may be brewing.

Today's core market dynamics overview:

1. XRP breaks new highs strongly.

This morning, XRP broke through $3.54, with an increase of over 10%, refreshing the historical record and becoming the market's focus.

2. The House passes three crypto bills unanimously.

Including the (CLARITY Act), (GENIUS Act), and (Anti-CBDC Monitoring Act), bringing unprecedented regulatory certainty to the crypto industry.

3. SEC plans to introduce an 'Innovation Exemption' mechanism

The SEC chairman revealed plans to open a special policy channel for blockchain projects to encourage industry innovation.

4. Trump supports pension funds investing in digital assets.

An executive order is about to be signed, allowing 401(k) and other retirement funds to invest in cryptocurrencies and gold, opening a new channel for traditional financial flows into crypto.

5. The Federal Reserve releases signals for interest rate cuts.

Director Waller suggests a 25 basis point rate cut in July to alleviate economic pressure and provide liquidity support for risk assets.

Three major bills have been passed, and the regulatory route for crypto is becoming increasingly clear.

During this legislative process referred to as 'Crypto Week,' the House of Representatives passed three key bills in one go:

(CLARITY Act): Providing clear regulatory attribution for the definition of digital assets, resolving the long-standing dispute over 'whether it is a security.'

(GENIUS Act): Establishing national regulatory standards for stablecoins, paving the way for their legal and compliant development.

(Anti-CBDC Monitoring National Act): Preventing government over-monitoring of citizens' digital transactions, safeguarding personal financial freedom.

Among them, the (GENIUS Act) is expected to be signed by Trump today (July 18), releasing a significant policy signal.

Industry insiders believe this not only helps restore investor confidence but will also attract institutional funds to enter further. Former CFTC commissioner and current Blockchain Association CEO Summer Mersinger stated that these bills indicate Congress has begun to understand and support the long-term value of blockchain technology.

Bitcoin stabilizes at $120,000, with signals of whale accumulation appearing.

The implementation of policies has boosted market sentiment, with Bitcoin returning to a high of $120,000 after a brief consolidation. As of the time of writing, the BTC price is approximately $120,344, with a daily increase of over 2%.

On-chain data shows that in the past 24 hours, eight new wallet addresses holding over 1,000 BTC have emerged, indicating that institutional and large holder funds are continuously flowing into the market. Since early July, spot Bitcoin ETFs have recorded net inflows for 10 consecutive days, totaling over $5.2 billion.

Technically, Bitcoin has broken through short-term resistance. If it can stabilize above the 20-day EMA ($113,528), the next target will point to $135,729, and it may even challenge $150,000.

XRP leads the way, driven by both legal settlement and regulatory benefits.

Ripple (XRP) has become the most eye-catching star coin in this round of increases, surging over 10% in 24 hours, breaking through the $3.66 mark, reaching a historic high, and securing third place in global market capitalization.

Two core factors have driven the rise of XRP:

The passage of the (CLARITY Act) has freed XRP from the long shadow of 'securities classification,' clarifying its legal status;

The long-standing lawsuit with the SEC is nearing a settlement, with both parties proposing a $50 million settlement on June 12, likely bringing an end to this 'century lawsuit.'

The removal of regulatory headwinds has significantly boosted XRP fundamentally, and a breakthrough in the technical aspect indicates a shift towards a positive funding attitude.

Dogecoin has launched strongly, with a 'double bottom' pattern brewing for an explosion.

Against the backdrop of Bitcoin and XRP leading the charge, alternative coins are showing signs of activity. Dogecoin (DOGE) has recently broken through $0.23 and formed a classic 'double bottom' reversal pattern.

Analysts believe that if the price remains above $0.25, it is likely to trigger a new round of explosions, with a technical target pointing to $1, indicating a potential upside of over 300%.

Meanwhile, corporate investments are also starting to enter the market. Singaporean company Bit Origin announced plans to raise $500 million to establish a Dogecoin reserve, having completed the first round of $15 million in debt financing. This indicates that 'corporate asset allocation into crypto' is gradually expanding from Bitcoin to other mainstream coins.

Who will be the next target for takeoff? Institutions are focusing on UNI's movements.

Market rotation is not over yet; some investment institutions are quietly laying out potential coins. LD Capital founder Yi Lihua publicly stated that Uniswap token ($UNI) is its third-largest holding.

Against the backdrop of gradually clearer DeFi regulation, the DEX sector will welcome a revaluation, with $UNI as an industry leader likely to benefit from sector rotation and fund inflows.

Policy-driven, structural rotation, a new market trend may just be beginning.

The passage of the three major crypto bills in the U.S. is seen as an important turning point for the crypto industry towards 'regulatory friendliness.' The stable rise of Bitcoin supports the market, XRP's breakthrough opens up a confidence channel, and the surge of altcoins like Dogecoin indicates that 'mainstream funds have begun to spread.'

In this phase driven by both policy and capital, investors should keep a close eye on the following points:

Subsequent bill signing and regulatory detail implementation timeline

Market rotation rhythm and sector linkage

Confirmation of key breakthrough signals in the technical aspect.

The next round of increases may already be brewing.