On July 18th, according to 4E observation, the crypto market has resumed a strong upward trend in the past 24 hours. BTC (Bitcoin) broke through the $120,000 mark strongly and is now trading at $120,200, an increase of 1.07% in 24 hours; ETH (Ethereum) rose to $3606 synchronously, an increase of 3.34% in 24 hours. The overall market sentiment continued to recover due to multiple positive factors.
In terms of capital flow, Fidelity's spot bitcoin ETF, FBTC, had a net inflow of $7.83 million yesterday, indicating that institutional buying remains solid. SharpLink Gaming once again increased its holdings of 14,180 ETH today, accumulating more than 32,000 ETH, and the Ethereum position strategy continues to strengthen.
At the policy level, on Thursday local time, the US House of Representatives passed all three pieces of crypto legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act. Among them, the GENIUS Act will be signed into law by Trump on Friday, which is expected to establish a long-term friendly regulatory framework for the US crypto industry. The White House further stated that Trump will sign an executive order allowing 401 (k) retirement accounts to invest in crypto assets and support a crypto "minimum tax exemption" policy aimed at encouraging daily use.
4E reminds investors that when the market is hot, they should stay calm, evaluate market risks rationally, and avoid blindly chasing higher prices.
4E: Ethereum is on the rise, with U.S. legislative and institutional funding driving market sentiment
2025-07-18 04:25:00
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