BlockBeats news, on July 18, the U.S. House of Representatives officially passed three important cryptocurrency bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act. This move marks a significant advancement in U.S. cryptocurrency regulation, particularly as the GENIUS Act is expected to be signed into effect by former President Trump within this week, further solidifying the U.S. policy stance in the digital asset space. The CLARITY and Anti-CBDC Acts will be sent to the Senate for review.
Bitunix analysts suggest: The passage of the bills injects policy confidence into the overall market, and the cryptocurrency market is expected to gain further mainstream support, which will help maintain bullish momentum. Bitcoin has surged following the announcement, currently priced at 120,326 USDT, breaking through the previous range high. Data shows a dense potential liquidation zone for short positions above $121,800, marking a potential target area for the short term. Support is concentrated around $116,300; if it does not break on a pullback, it can be seen as a bullish defense line.
