Bitcoin Rises After U.S. Regulatory Bill Passed: On July 18, Beijing time, according to CCTV News, on July 17 local time, the U.S. House of Representatives passed the "Guidance and Establishment of a National Stablecoin Innovation Act" (the "Genius Act") and the "Clarity Act." Following the news, Bitcoin and other cryptocurrencies rose. As of July 18 at 10:24 AM, the latest price of Bitcoin reported at $120,200, 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: On July 18, Financial Associated Press reported that as Bitcoin reached a historic high this week, analysts indicated that the current surge is still led by retail investors, while the role of institutional investors has only "just begun." However, with pension funds and other long-term buyers incorporating Bitcoin into their portfolios, there is still room for growth in institutional investor demand.