Bitcoin and Ethereum have performed very differently this year. Bitcoin has continued to reach new all-time highs. Ethereum has barley budged as investors try to understand if the network's use case can stand the test of time.

Cryptocurrencies are rounding into form. Bitcoin, the world's largest cryptocurrency by market cap, hit fresh all-time highs of more than $123,000 on July 14. The asset's run has also sent a jolt into Ethereum ( ETH 4.35%), which shot up to almost $3,500 per token on July 17 after having a difficult year so far.

The cryptocurrency market has roared back to life, led by Bitcoin (BTC) and Ethereum (ETH), as the US House of Representatives passed the stablecoin bill, known as the Genesis Act, to establish a regulatory framework for US-dollar-pegged stablecoins.