Bitcoin Climbs Beyond $120,000 as Congress Tackles Three Cryptocurrency Bills
2025-07-14 21:52:31
Main Idea
Bitcoin prices have surged beyond $120,000 amid legislative developments in the U.S. Congress, including the approval of the GENIUS bill related to stablecoins and the shelving of the STABLE bill. Analysts also highlight potential price targets for altcoins like ONDO and LINK.
Key Points
1. Bitcoin prices have surged beyond $120,000 despite escalating tariffs stance by Trump.
2. The GENIUS bill, approved by the Senate, pertains to major banks issuing stablecoins and bans CBDCs, compelling the U.S. to promote stablecoins.
3. The STABLE bill, which served a similar purpose to GENIUS, was shelved to avoid prolonging legislative processes.
4. Analyst Ali Martinez identifies Chainlink (LINK) as an altcoin gaining momentum, with a key resistance level at $17.50.
5. ONDO Coin, in the RWA space, could reach $1.13 if the upward trend continues, but may test the $0.7 support level if momentum is lost.
Description
Bitcoin price surpasses $120,000, with altcoins facing slight losses. Legislation on stablecoins aims to provide clear regulatory guidance. Continue Reading: Bitcoin Climbs Beyond $120,000 as Congress Tackles Three Cryptocurrency Bills The post Bitcoin Climbs Beyond $120,000 as Congress Tackles Three Cryptocurrency Bills appeared first on COINTURK NEWS .
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