Bitcoin Climbs Beyond $120,000 as Congress Tackles Three Cryptocurrency Bills

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.