The reasons for today’s rise and pullback: The positive news of the US stablecoin bill "GENIUS Act".

This bill will use the US dollar and short-term US Treasury bonds as supporting assets, and once implemented, it will inject a massive amount of liquidity into the cryptocurrency market.

A short-term pullback is healthy; it will take a few months from the proposal of the bill to its implementation.

When backing up to pick someone up, please follow #GENIUS稳定币法案 .