In the past week, there has not been much significant macro data in the market. Market sentiment has mainly been driven by several factors. Will Trump make any big moves? Will the China-US trade relations continue to ease effectively? Are there signs of a ceasefire in the Russia-Ukraine conflict? These could continue to push up the price of Bitcoin. Recently, the most noteworthy development is that the support for the cryptocurrency market in the United States is increasing! Arizona, New Hampshire, and Texas have passed the 'Bitcoin Reserve Act', along with the 'Stablecoin Act' that was preliminarily passed yesterday. The U.S. is accelerating the normalization and scaling of the cryptocurrency industry.

After the bills are passed, the rules will become clearer, and the issuance of stablecoins may surge, attracting more funds into the cryptocurrency market, increasing liquidity, and benefiting the crypto sector in the long term. Policies leading the way and legislation providing support are essential for an industry to grow and strengthen, and these bills are a clear signal. Additionally, it is worth noting that several Federal Reserve officials have recently stated that there will be no interest rate adjustments in the short term, with a high probability that there will be no rate cuts in June and July. They are still observing the impact of tariffs on inflation, whether it is a one-time shock or a long-term issue. Today's data shows that the probability of a rate cut in June is only 8.6%, in July it is 30.8%, and it rises to 51.3% in September, with the market generally expecting that a rate cut may only occur in September.