On July 18, the U.S. House of Representatives passed three major crypto-related bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. This marks a significant step forward for U.S. crypto regulation. The GENIUS Act is expected to be signed into law by former President Trump later this week, reinforcing the country’s pro-crypto policy stance. The other two bills will proceed to the Senate for review.
Bitunix Analyst’s View: The passage of these bills has boosted market sentiment and may pave the way for greater mainstream adoption. Following the announcement, BTC broke out of its previous range and is now trading at 120,326 USDT. The next potential resistance lies near 121,800 USDT, where data suggests a high concentration of short liquidations. Support remains at 116,300 USDT — if this level holds on a pullback, it could serve as a strong base for further upside.
