Important developments took place in the crypto world this week. Honestly, the question of how much the dollar is worth right now continues to be a critical issue in the crypto market, but this time it's not just about price; politics has also entered the scene.

The Senate's explanation of the consensus draft on the Clarity Act is truly a noteworthy step. After months of negotiations, a balance has been struck between crypto firms and banking lobbyists. The key point is this: stablecoin issuers are prohibited from offering returns solely based on holding reserves, but activity-based reward programs designed to incentivize users on crypto platforms are preserved. This seems to be a significant victory for the industry. Drafted by Senators Thom Tillis and Angela Alsobrooks, this text paves the way for the Senate Banking Committee's review and accelerates the legislative process.

On the Bitcoin side, an interesting period is currently unfolding in terms of dollar parity. After starting to recover midweek amid concerns originating from Iran, Bitcoin reached the $80,000 level by the weekend. On Friday, news of Tehran's ceasefire proposal caused oil prices to fall, reducing risk. Currently, Bitcoin is trading around $80,990, recording approximately a 2.5% weekly gain. But honestly, there is still a need for a new macroeconomic catalyst to truly push Bitcoin higher.

Stocks, on the other hand, had a much brighter week. The S&P 500 closed at a new all-time high with its fifth consecutive weekly gain. The strong performance of major tech giants played a significant role. Apple’s earnings outlook exceeding expectations and gaining 3.2%, and Oracle’s 6.5% rise after being included in the Pentagon’s AI firm list, demonstrate this strength.

Other crypto assets showed mixed performance. Ethereum is currently around $2,330, XRP at $1.45, Solana at about $95.11. Dogecoin stood out throughout the week, rising 10% to $0.11. Futures positions have reached their highest level of the year.

The narrow range currently seen in the crypto market against the dollar is not really a crypto-specific issue; it reflects broader macroeconomic uncertainty. The Fed holding interest rates steady was not surprising, but the lack of a clear direction afterward keeps investors cautious. ETF outflows and weak demand indicate that institutions are not increasing their exposure. However, if institutional money starts to return, Bitcoin could rise quite rapidly.

A new breaking point is needed for the upcoming period. Factors like Fed clarity, ETF acceleration, or normalization of geopolitical situations could come into play. From the current perspective on dollar levels, the market is in anticipation. For those wanting to monitor these assets on Gate, the opportunity window still appears to be open.