Bitcoin USD Soars: Trump's Crypto News Shakes the Market!
Bitcoin USD Soars: Trump's Crypto News Shakes the Market!
In the volatile world of cryptocurrency,How much is 1 ETH worth right now? Bitcoin's value has been on a wild ride, and recent news related to former President Donald Trump has sent shockwaves through the market. The price of Bitcoin in USD has reached new heights, and the market is buzzing with excitement and speculation.
Bitcoin's Record - Breaking Surge
On July 22, 2025, the global cryptocurrency market witnessed a historic moment as the price of Bitcoin against the US dollar soared past the $120,000 mark for the first time. This was a significant milestone, following a series of price increases throughout the year. Earlier in the year, on March 3, Bitcoin had already shown strong upward momentum, with a gain of over 9%. And on May 8, it broke through the symbolic $100,000 threshold for the first time since February.
On July 20, Bitcoin's price was like a runaway horse, hitting a peak of $120,500. Although there was a technical correction later, it still held steady in the range of $118,000 - $120,000 by the time of reporting. The daily trading volume also skyrocketed by 35%, and the activity of stable - coin exchanges for BTC increased by 20%.
Trump's Crypto - Friendly Stance
Trump's attitude towards cryptocurrencies has undergone a major transformation. During his presidential campaign last year, he shifted from being skeptical about cryptocurrencies to becoming an active supporter. He even attempted to launch a "Crypto Blue - chip ETF" through his media and technology group, which accelerated the integration of digital assets into mainstream investment channels.
On July 17, the US Congress passed the "Genius Act" with an overwhelming majority of 308 votes to 122, and Trump signed it into law on July 18. This act was a game - changer for the cryptocurrency market. It provided a clear regulatory framework for stablecoins, covering core aspects such as issuance qualifications, 1:1 reserves, monthly disclosures, and third - party audits. It also set a "deadline" for non - licensed stablecoins to be banned from the US market after three years.
Before this, on March 3, Trump's announcement that XRP, Solana, and Cardano would be included in the US cryptocurrency reserve, along with the signing of an executive order to establish a working group to study digital assets, also triggered a significant rally in the cryptocurrency market. At that time, Bitcoin's price soared, and according to Coinglass data, more than 170,000 people were liquidated in the cryptocurrency futures market within 24 hours, with a total liquidation amount of about $800 million.
Market Impact
The passage and signing of the "Genius Act" led to a "double feast" of capital and policy in the cryptocurrency market. It not only eliminated the market's concerns about the compliance of cryptocurrency assets but also laid a policy foundation for the long - term development of digital currencies. As a result, the stock prices of cryptocurrency giants such as Coinbase and Circle soared, and the XBIT decentralized exchange platform became the focus of the industry. The overall market capitalization of the cryptocurrency market also exceeded $4 trillion.
On July 18, when there were rumors that Trump would sign an executive order allowing the $9 - trillion US 401(k) retirement savings plan to invest in cryptocurrencies and other assets, the cryptocurrency market once again went into a frenzy. Ethereum, XRP, and other cryptocurrencies saw significant increases. Ethereum's price broke through $3,600 per coin, reaching a new high since January this year, with an intraday gain of over 8%. XRP rose nearly 20% during the day, and other coins like Ada and Solana also had substantial increases.
Analysis of the Reasons
One of the main reasons for Bitcoin's rise is the increased bipartisan support for a cryptocurrency bill on regulating so - called stablecoins among US policymakers. This has given the market new hope for regulatory clarity in the cryptocurrency industry, including for Bitcoin, which has no direct link to the US dollar. As the tension between the US and its major trading partners eases, investors' interest in riskier assets has rebounded, boosting the digital currency market.
Another factor is the continuous inflow of funds into Bitcoin spot ETFs. This has gradually expanded the once - niche market, which was mainly limited to tech geeks and speculators, into an important asset allocation option for ordinary investors.
FAQ
Q: Why did Trump change his attitude towards cryptocurrencies? A: During his campaign for a second term in the White House, Trump saw the potential of cryptocurrencies in the financial market. He may have realized that supporting cryptocurrencies could attract more voters and also promote financial innovation in the US.
Q: What does the "Genius Act" mean for the cryptocurrency market? A: The "Genius Act" provides a clear regulatory framework for stablecoins. It eliminates the market's concerns about the compliance of cryptocurrency assets, encourages institutional funds to enter the market, and lays a solid policy foundation for the long - term development of the cryptocurrency industry.
Q: Will Bitcoin's price continue to rise? A: It's hard to predict. Bitcoin's price is affected by many factors, including regulatory policies, market sentiment, and macro - economic conditions. While current trends are positive, there could be unexpected changes in the future.
In conclusion, Trump's crypto - related news has had a profound impact on the Bitcoin - USD market. The combination of his support and the regulatory framework provided by the "Genius Act" has created a favorable environment for the cryptocurrency market. However, as with any investment, the cryptocurrency market is highly volatile, and investors should always do their own research (DYOR) before making decisions.
Binance Intraday Gain Percentage Unveiled: SOL Coin Bearish News Analysis
Unveiling the Bullish Outlook: FETCH Coin Analysis and Four Major Cryptocurrency Bullish News
