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.
One of the pitfalls that many trading beginners easily fall into is the need to find a reason for every price increase or decrease.
In reality, price fluctuations often do not require a reason. Even if you manage to dig up a bunch of seemingly "related" factors, the results in the long run may still be positively correlated, negatively correlated, or completely unrelated.
Furthermore, even if you find the reason for price fluctuations, it does not mean you can profit from it.
The market is not about writing papers; it relies on structure, rhythm, and execution, rather than explanatory ability.
The XRP structure has been adjusted, now it just needs a favorable wind, and that wind is Bitcoin. Once Bitcoin shows a continuous upward trend, it will be the time for XRP to explode! #xrp
The orca and turbo that got on today have already started eating meat. Except for bera, which is still stagnant, but it will definitely start moving later. Hold on to the orders you have in hand; today will definitely let the iron brothers eat meat.
Btc has been fluctuating at a high level in the short term, after dropping to a small support it was pulled back again. Currently, the price is back near a new short-term high. From the indicators, the probability of a breakout is relatively high. If it breaks through and stabilizes, a new upward trend for btc will be initiated. However, if it drops below one hundred thousand again, it is estimated that it won't hold.