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Daily on-chain Briefing | July 19, 2025
Market Overview:
The current market sentiment is clearly optimistic. The Fear & Greed Index is currently around 71, indicating that the market is in the "greed" phase, suggesting that investor sentiment is high, but there is also the possibility of profit-taking.
Market sentiment
Bullish: 60%
Bearish: 15%
Neutral: 25%
Today's news:
1. Trump signs the GENIUS Act - A New Era of Cryptocurrency Regulation
On July 18, President Trump signed the GENIUS Act, providing a clear regulatory framework for stablecoins, requiring dollar backing, regular audits, and regulating foreign currency stablecoins. The bill passed with 308 votes in favor and 122 against. Supporters believe this will attract institutional funds and promote compliant development; opponents worry that excessive regulation may stifle innovation. This move marks an important milestone in the legalization of the U.S. crypto market.
2. Bitcoin hits a new all-time high, surpassing $120,000
Driven by optimistic sentiment and the "GENIUS Act," Bitcoin reached a high of $123,153 on July 14. Industry predictions suggest it may hit between $150,000 and $200,000 within the year. Optimists are cheering that this move will drive wider adoption, while skeptics warn of bubble risks. As funds flow in, Bitcoin's dominance is further solidified, but it also puts pressure on other altcoins.
3. Tether enters the US market, plans for high-standard audits
Tether CEO Paolo Ardoino announced the establishment of operations in the United States and the advancement of a high-standard audit plan. This move responds to the requirements of the GENIUS Act, aiming to enhance the compliance and market trust of USDT. The industry generally believes that this will promote the normalization of the stablecoin market, but compliance costs may also put pressure on smaller players.
Choose the right track and run alongside for the long term.
Regardless of how the market fluctuates, remember to stay rational, manage risks well, and do not let emotions dictate your investment decisions.
Wish you successful trading and always keep DYOR!