The crypto market has been unusually quiet lately, but that calm might not last much longer. A big event is on the horizon that could shake up Bitcoin, Ethereum, and altcoins.
The U.S. Congress is preparing for “Crypto Week” from July 14 to 18, and the decisions made during this week could have a major impact on the crypto market.
In the past week, the price of Bitcoin and altcoins has barely moved. Bitcoin is up just 0.6%, Ethereum by 2%, and most of the altcoin market has stayed flat. Some meme coins managed double-digit gains, but overall, it’s been a slow, sideways market.
Historically, this kind of price action often happens before a big breakout, and all attention is now on what Congress will decide in the coming days.
During Crypto Week, U.S. lawmakers will discuss and possibly pass several important bills related to cryptocurrency:
While some bills, like the Stablecoin Act, are likely to move quickly, others like the Clarity Act, which deals with more complex areas like DeFi, staking, and crypto taxes, might take longer to finalize.
Alongside these bills, the U.S. government recently approved a massive $5 trillion debt ceiling increase. This move means more money could flood the financial system, which historically tends to benefit risk assets like crypto.
Plus, crypto-friendly policies and clear rules can attract new institutional investors and bringing fresh capital into Bitcoin, Ethereum, and altcoins.
While Bitcoin has been surging for months, analysts say Ethereum is about to get its turn. Big names like Bitwise predict that Ethereum ETFs and tokenized assets built on the Ethereum network could see massive growth in the second half of 2025.
New projects like Robinhood’s blockchain network and the rise of tokenized stocks and stablecoins on Ethereum’s platform are expected to fuel demand for ETH.
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