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XRP and DOGE performed well, the crypto market has fully warmed up due to favourable information from Washington's policies.
As the progress of U.S. legislation boosts market confidence, crypto asset prices have significantly rebounded in recent weeks. XRP and Dogecoin(DOGE) have become the leaders in this round of rise, while the shift in macro policies and the entry of institutions further stimulate the market's warming.
XRP and Dogecoin lead the rise of mainstream Crypto Assets According to Gate data, XRP has risen nearly 20% in the past 24 hours, with a weekly increase of over 43%, making it the standout performer among the top 20 crypto assets by market capitalization. Dogecoin is also not to be outdone, rising 9.5% on the day and achieving a weekly increase of 19.5%.
Sean Dawson, the research director of the Derive on-chain options platform, told Decrypt that this round of rise benefits from the "perfect combination of favorable US government policies and the timing of institutional entry, leading to a rapid influx of market funds."
Three Crypto Bills Passed in the US, Policy Signals Turn Positive On Thursday, the U.S. House of Representatives passed three important bills related to Crypto Assets, including the previously passed "GENIUS Act" in the Senate. The act will take effect after being signed by President Trump and aims to establish a clear regulatory framework for private enterprises issuing stablecoins, covering reserve requirements, auditing mechanisms, and transparency regulations.
In addition, the "CLARITY Act" and the "Anti-Central Bank Digital Currency Surveillance Act" have also been passed in the House of Representatives, providing a legal framework for the regulation of Crypto Assets and preventing the Federal Reserve from issuing CBDCs. These two bills are still awaiting Senate review.
The advancement of these bills marks a significant progress made by the Trump administration in pushing the United States to become the "global crypto capital."
Fiscal spending and inflation expectations drive safe-haven funds into Crypto Assets Dawson pointed out that Trump's "Big Beautiful Bill( large and beautiful plan)" further extends tax reduction policies and expands government spending, which has raised market concerns about debt crises and inflation, prompting investors to flock to Crypto Assets in search of inflation hedges.
He also mentioned that the concept of "Ethereum Enterprise Treasury" is rapidly emerging, with companies such as Sharplink Gaming and Bitmine Immersion Technologies having made large-scale allocations of ETH assets.
On-chain data supports bull market structure, XRP network activity surges Santiment data shows that the number of new addresses on the XRP network has surged, indicating that new capital continues to flow in, which is seen as an important bullish signal.
Dawson explained that XRP and Dogecoin have a higher Beta value compared to Bitcoin, thus performing stronger during rise cycles, attracting speculative capital seeking high returns. However, he also warned that these assets experience more severe pullbacks during decline cycles.
More altcoins are rising, XLM shows the most bullish structure In addition to XRP and DOGE, altcoins like Curve DAO, Bonk, and Hedera have also pumped over 40% in the past week. Veteran trader Peter Brandt stated on Thursday that XLM is currently one of the mainstream Crypto Assets with the "most bullish technical structure."
Conclusion As the new legislation promoted by the Trump administration approaches implementation, the U.S. policy environment is gradually shifting to support the development of the Crypto Assets industry. XRP and high Beta assets like Dogecoin are the first to respond to market enthusiasm, followed closely by more altcoins, forming a comprehensive rise pattern. With institutional allocation continuing and legislative dividends being released, this round of the Crypto Assets bull market is expected to extend to the next phase.