18.07.2025 09:46

The passage of three significant cryptocurrency bills through the U.S. House of Representatives has sent shockwaves through the crypto market, propelling Bitcoin's price above $120,000. These bills—the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act—represent a monumental shift in U.S. regulatory policy toward digital assets.

The imminent presidential signing of the GENIUS Act is particularly noteworthy, signifying a clear commitment to a strategic and measured approach to cryptocurrency regulation within the United States. While the CLARITY and Anti-CBDC bills await Senate consideration, their passage through the House demonstrates ongoing efforts to create a comprehensive and balanced legal framework for the burgeoning cryptocurrency sector.

This legislative progress has demonstrably boosted investor confidence, according to market analysts at Bitunix. This renewed optimism, analysts suggest, could be a catalyst for broader institutional investment and adoption of cryptocurrencies. Consequently, Bitcoin has surged, surpassing previous resistance levels and currently trading near $120,326 USDT.

Technical analysis reveals a crucial liquidation zone around $121,800, offering a potential short-term price ceiling. Conversely, strong support sits around $116,300, acting as a crucial buffer to maintain the current bullish trend. The interplay of these factors suggests a period of volatility, but the overall market sentiment remains positive, largely fueled by the positive regulatory developments. The information provided comes from internet sources.