The cryptocurrency market has reached another major turning point. With 'Crypto Week'—which is drawing the attention of investors worldwide—just around the corner, the market is heating up.

Bitcoin reached a monumental milestone by breaking the $120,000 mark for the first time in history, and major altcoins such as Ethereum, Ripple (XRP), and Solana (SOL) also successfully rebounded, all riding a strong upward trend. It appears a sudden fire has been lit in a market that had been quiet for some time. However, no one can yet say for certain whether this fervor is a sustainable trend or merely a temporary reaction.

'Crypto Week' is traditionally a period where global cryptocurrency companies, regulatory authorities, and investors gather together. As major conferences, key policy announcements, and market outlooks pour out, the market stands in the middle of a hyperbola where hope and anxiety intersect.

The core keyword the market is particularly watching this week is 'major cryptocurrency bill discussions in the U.S. Congress.' Specifically, the 'GENIUS Act,' which deals with stablecoin issuance standards; the 'CLARITY Act,' aimed at securing clarity in cryptocurrency regulation; and the 'CBDC Anti-Surveillance State Act,' which checks the introduction of state surveillance through Central Bank Digital Currencies (CBDCs), are representative. The passage of these bills will act as a pivotal axis determining the future direction of the digital asset industry in the United States, and is expected to have direct and indirect ripple effects on the global market.

While Bitcoin's breach of $120,000 has indeed injected strong momentum into investor psychology, uncertainties remain beneath the surface. Depending on the fate of the aforementioned bills, the integration of cryptocurrencies into the mainstream financial system could accelerate; conversely, there is also a risk that the market could shrink due to a trend of tightened regulations. Furthermore, complex factors such as additional statements from regulatory authorities, policy directions, and global economic trends could act as variables, requiring investors to make cool-headed judgments.

Ultimately, this Crypto Week serves as a testing ground that could present a tremendous opportunity for some and a crisis for others. Whether the market will continue to rise in response only to positive news or will shrink back again in the face of uncertainty will be decided within the flow of this week.