Bitcoin remains close to its historical record, reached a week ago, while Ethereum enjoys more and more acceptance among institutional investors and is in its greatest price so far this year.
Bitcoin The week starts with a slight rise of 0.3% in the last 24 hours. Thus, the most important cryptocurrency on the market It seems to have stopped the decline that the last week experiencedafter July 14 has touched its maximum historical quote. In parallel, Ethereum (eth) And the rest of the Altcoins, It extends its bullish rally, with increases of almost 25% during the last 7 days.
In this way, the main market crypto listed Around US $ 118,935, according to Binance. For its part, ETH rises 2.4% au $ 3,819 winning 24.9% in the week like this, it has been at its highest level since mid -December 2024. “The institutions are increasingly allocating capital to Ethereum,” they stated from XTB.
And they added: “The adoption of Stablecoins could significantly boost the demand for the second largest cryptocurrency. A notable accumulation trend through the Blackrock ETF is observed“
Within the most important altcoins in the market, the tonic is similar: XRP Trepa 2.8% (19.5% weekly) to US $ 3,59, BNB rises 4.1% at a daily level, to US $ 775.9; while Solarium It shows an even higher rise, with 6% daily and 14.8% weekly.
The approval of crypto laws in the US
On the closing of last week, the Congress of the USA approved the Genius lawand became the first comprehensive legislation that regulates the stablecoins in that country. In addition, the approval of two laws that could impact on the price of Bitcoin and the rest of the cryptocurrencies: the cryptocurrencies: the Clarity Law and the law of Anti-CBDC surveillance.
Donald Trump Bitcoin.jpeg
On the one hand, Clarity focuses on providing clear orientation for the market in the Operatory with cryptocurrencies, digital commodities and decentralized finance. Meanwhile, the Anti-CBDC law aims to restrict the Federal Reserve of developing, issuing or using a digital currency, claiming concerns about privacy.
The increase in crypto interest in the United States
At the same time, the American president, Donald Trump, is preparing an executive order that would allow Invest US $ 9,000 million savings for American retirement In alternative assets such as cryptocurrencies, gold and private capital, which could transform the structure of the American retirement system.
“The Altcoins are also rising, promoted by the growing institutional interest and the reports that giants such as Walmart and Amazon are considering issuing their own stablcoins To reduce transaction costs, “XTB explained.
And they considered that “market leaders qualify these developments as a ‘decisive moment’, which offers hope of regulatory clarity, greater confidence of investors and green light for the generalized adoption of cryptocurrencies.”
Source: Ambito
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