There are reports that the US Congress plans to advance structural legislation for the crypto market next week. If the proposal passes smoothly, it will be a positive signal for the entire industry—at least indicating that regulators are beginning to take market compliance frameworks seriously.



From historical experience, major favorable policies often first impact the broader market. BTC, as the market cap leader, usually reacts first, followed by ecosystem tokens like ETH and SOL that tend to rally as well. However, how long this rapid increase can last depends on subsequent implementation and market sentiment.

The recent market has indeed been somewhat dull. If this news is confirmed, bulls may have a chance to turn things around. Everyone should pay more attention to the subsequent actions of the US Congress, which might be more valuable than just looking at technical analysis.
BTC1,46%
ETH1,93%
SOL4,82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)