📰 Bitcoin (BTCUSD) Gains Momentum as Trump Signs Stablecoin Bill and Eyes Crypto 401(k) Investments
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Jul 20, 2025, 17:33 EDT
| 🔗 Source: Cointelegraph
🧠 Summary
Trump signed the GENIUS Act to regulate stablecoins, signaling US crypto acceptance. A major Satoshi-era Bitcoin whale moved $9.6B to Galaxy Digital. Trump plans an executive order allowing 401(k) crypto investments, indicating strong institutional interest and potential growth for Bitcoin.
💡 Why this signal?
- Bitcoin’s recent failure to hold gains above $119,000 indicates weakening bullish momentum and increased selling pressure.
- The identified Quasimodo Level pattern signals a likely short-term downtrend toward critical support around $113,600.
- The potential Bitcoin decline threatens broader cryptocurrency markets, as altcoins often follow BTC’s lead and may suffer cascading outflows.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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