Bitcoin Hits Record High: Bitcoin surged past $120,000, reaching a peak of $123,153.22, driven by institutional buying and optimism around U.S. legislative changes during "Crypto Week." It later stabilized around $119,750.86. Analysts predict further growth, potentially hitting $125,000 soon, though trade disputes could cause short-term dips.
GENIUS Act Signed: President Trump signed the GENIUS Act into law on July 18, 2025, marking the U.S.'s first major crypto legislation. The bill regulates stablecoins, aiming to facilitate instant global transfers without high fees, boosting industry confidence. The crypto market cap hit $3.8 trillion post-vote.
Ethereum and Altcoins Rally: Ethereum climbed to $3,339.13 with a 20% weekly gain, fueled by strong ETF inflows (61,000 ETH in the last week). XRP reached a new all-time high of $3.45, with claims of 100 banks adopting it for cross-border payments, though these are unverified. Solana hit $170.39, up nearly 5%.
Regulatory Developments: The SEC announced a roundtable on Crypto DeFi for June 9, 2025, and dismissed an enforcement action against Coinbase, signaling a potential shift in regulatory stance. However, critics warn of risks due to lighter oversight.
Market Sentiment: The crypto market shows mixed signals, with a 3% drop in total market cap, but Bitcoin and Ethereum remain bullish. Analysts highlight institutional adoption, tokenization, and stablecoin growth as key drivers for 2025.
#ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #CryptoMarket4T #GENIUSAct $BTC $XRP $ETH
