Bitcoin Surges Past $120K as U.S. House Passes Landmark GENIUS Act Boosting Crypto Market Confidence
2025-07-18 08:16:06
Main Idea
Bitcoin's price surged past $120K following the U.S. House of Representatives passing key crypto legislations, including the GENIUS Act, which is expected to receive presidential approval.
Key Points
1. The U.S. House passed three major crypto-related bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act.
2. The GENIUS Act is anticipated to be signed into law by the president, while the CLARITY and Anti-CBDC bills await Senate review.
3. Bitcoin's price rose to approximately $120,326 USDT, surpassing previous highs near $121,800, with $116,300 acting as a key support level.
4. The legislative developments have contributed to bullish momentum in the cryptocurrency market.
Description
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