Latest developments in the crypto market: favorable policies, market analysis and future trend outlook
1. Policy dynamics: UK restarts crypto legislation, US crypto industry regulatory trends
The UK will restart two cryptocurrency-related legislative processes this month, aiming to provide a solid foundation for future crypto industry regulation. These measures are not only intended to prevent crypto companies from fleeing to the United States, but are also seen as a signal that the UK hopes to gain a foothold in the global crypto market. Compared with the US crypto policy, the market is worried that if Trump returns to power, he may increase the openness of the crypto industry and attract many crypto startups. The direction of regulatory policies will directly affect market expectations and investor confidence, and become a key variable for the future development of the crypto industry.
2. Market analysis: Bitcoin and Ethereum ETFs are hot, where should the trend go?
Market background: Bitcoin spot ETFs have maintained net inflows for 6 consecutive days, with an inflow of US$514.43 million yesterday, and Ethereum ETFs also had a net inflow of US$148 million on the same day. The continued inflow of ETFs shows that investors' confidence in the crypto market is gradually increasing, especially when institutional investors begin to enter, bringing new incremental funds to the market.
Market observation: Bitcoin fluctuates at a high level. The technical chart shows that the trend of the K-line is more dangerous, the divergence is aggravated, and it deviates far from the moving average. In view of the historical trend, Bitcoin may fall back and adjust after a small step rise in the future. The current support level is around $85,000, while the large-scale support level may be between $80,000 and $77,000. If the market maintains its current activity, the bull market has not yet peaked, and it is expected to continue to rise after a short-term correction.
Investment advice: Given the strong market support, short-term holding is a more prudent strategy. Investors can set stop-loss points according to the support level and wait for the market to adjust further before considering adding positions. Especially for investors who hold for a long time, the market structure is still healthy, and holding positions patiently will bring more benefits.
3. Industry News Review: Silk Road founder hopes for a commutation of sentence, FBI raids Polymarket founder's residence
One of the most watched news in the cryptocurrency circle is that Ross William Ulbricht, the founder of "Silk Road", thanked Trump on the X platform and expressed his belief that Trump would fulfill his promise to help him get a commutation of sentence.
