After Bitcoin broke through the 120,000 mark at the beginning of the week, it began to consolidate, then Ethereum took the spotlight. After a year of consolidation, it finally stood above 3,000 USD again, with the highest price surpassing 3,600 USD. The cryptocurrency market also behaves traditionally, with Ethereum leading other altcoins to soar. Among them, XRP also broke new highs, reaching as high as 3.64 USD.

The rise of cryptocurrencies approaching the weekend is mainly attributed to the U.S. House of Representatives finally passing three important cryptocurrency-related bills, including the endorsement of stablecoin development. Additionally, the issuance of other cryptocurrencies has been clearly regulated, which has boosted the mainstream issuance chain Ethereum, becoming the biggest driver of Ether's surge. Currently, Bitcoin has been hovering around the 118,000 level. Since hitting a new high, Bitcoin has established a short-term top and is now in a state of waiting for news to determine its direction.

With the Fed meeting approaching, U.S. economic data becomes the focus.

There are still two weeks until the Fed's monetary policy meeting, but the market is already speculating on the possibility of a rate cut in July. Although the general expectation is that rates will remain unchanged in July, there have been many dramatic events in the past two weeks, such as Powell's resignation and some Fed governors making dovish comments, seemingly in line with Trump to restart the rate-cutting cycle early. However, even if rates remain unchanged in July and expectations for a September cut are strengthened, it will help the market maintain optimism in August and September.

There are no significant known events early this week that could sway the market. The focus economic data from the U.S. will be released on Thursday, including unemployment data, manufacturing and services PMI. As for tariff issues, there should not be any market-impacting news this week, and other countries that have not confirmed tariffs are expected to have results next week, so the market momentum from last week is anticipated to carry into this week, maintaining an optimistic trend.

Benefits of the Three Major Cryptocurrency Bills for Investors

Increased Stability: Stablecoins offer a lower volatility option in the crypto market, appealing to investors seeking to reduce risk. The regulatory framework provided by the (Genius Act) enhances investor confidence in stablecoin issuers, potentially promoting higher adoption rates and value.

New Investment Opportunities: As stablecoins integrate into traditional finance, investors can explore investment opportunities related to stablecoin projects, such as cross-border payments or decentralized finance (DeFi) applications.

Diversified Investment: Investors can allocate part of their portfolio to stablecoins as a hedge asset during market downturns, balancing the volatility of other cryptocurrencies.

However, investors should also exercise caution:

Avoid Overheated Assets: Caution should be exercised when investing in overhyped assets that lack fundamental value, especially those related to political figures or speculative trends, such as the TRUMP meme coin, whose investors have mostly incurred losses, despite Trump’s organization earning hundreds of millions from sales fees.

Regulatory Changes: Although the current bill provides clarity, future regulatory changes may still impact the crypto market, making it crucial to stay updated.

Market Volatility: Despite regulatory progress, the crypto market remains volatile. Investors should be prepared to deal with price fluctuations and consider risk management strategies such as diversification and setting stop-loss orders.

The current new growth points and strategic windows are gradually shifting towards Ethereum, with more institutions beginning to implement ETH reserve strategies. The Ethereum market is becoming increasingly institutionalized, and ETH is not just about buying and holding; it can also be staked. Once the liquidity from these ETF institutions pours in, it will further expand the market size of the Ethereum staking track, benefiting the entire Ethereum ecosystem.

Currently focusing on Ethereum-related coins, any pullback can be an entry point. Prioritize staking tracks such as LDO, RPL, SSV, EIGEN, and PENDLE.