Coin Circle Weekly Report: Multiple positive factors ignite the market, with Bitcoin breaking through $65000 and reaching a new high in the stage

Coin Circle News (July 13-17): This week, the cryptocurrency market experienced a strong bottoming out rebound under the dual stimulation of macroeconomic policies and favorable data. Macro law implementation: This week, the industry has seen significant positive news, with a new bill focusing on the structure of the cryptocurrency market, consumer protection, and cracking down on illegal finance receiving support from multiple parties and law enforcement agencies. If passed, this bill will provide a clear framework for the industry and directly attract traditional financial institutions to accelerate their entry. Enterprises and institutions increase their holdings: MicroStrategy has once again strengthened its digital capital platform positioning this week, currently holding over 840000 BTC and reiterating its long-term holding strategy. At the same time, the US Bitcoin spot ETF recorded a daily net inflow of $107.7 million on July 15th, completely ending the previous 8-week outflow trend, and the Ethereum ETF also turned positive simultaneously. The market surged across the board: Boosted by weaker than expected US inflation data in June and strengthened expectations of the Federal Reserve remaining inactive, the cryptocurrency market staged a bull frenzy on July 15th. After maintaining a key support of $62000, Bitcoin (BTC) surged above the $65000 mark during trading; Ethereum (ETH) has performed even stronger, with a daily increase of over 6%, surging to $1890 in one fell swoop. There is a significant return of funds from the Layer 2 and DeFi ecosystems. Overall, driven by regulatory compliance and institutional funding succession, market confidence has been completely reignited this week, returning to the upward channel. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.