The cryptocurrency market is set for a bullish run as several key developments are converging that are likely to spark growing interest and confidence among investors and industry professionals.

Donald Trump's latest move to choose a Bitcoin proponent as his vice president signals strong political support for digital currencies. Trump's election victory could lead to regulatory changes that would encourage the growth and integration of digital assets into the financial system.

The upcoming launch of the Ethereum Spot ETF on July 23 is another major event that is expected to have an impact on the market. The ETF will provide institutional investors with direct exposure to Ethereum, potentially leading to significant capital inflows. As a result, increased interest is expected to increase the value of Ethereum.

A number of United States senators are pushing in the political sector for Bitcoin reserves to be backed by the US dollar. This plan is gaining support and, if implemented, would represent a significant shift in monetary policy, integrating Bitcoin into the core of the global financial system.

Germany recently completed the sale of all its bitcoins. This move took a significant number of coins out of circulation, potentially reducing supply and increasing demand. Reduced supply could lead to higher prices, benefiting existing Bitcoin holders.

The cryptocurrency sector is set for huge growth thanks to recent developments. Trump's selection of his vice president, the introduction of the Ethereum Spot ETF, legislative support for the Bitcoin-backed dollar, and Germany's strategic sale of Bitcoin are all important factors that are expected to contribute to the bullish trend in the market.