Bitcoin - Overview as of 17.07.2025

Financial and commodity markets analytics


After a record nine hours of procedural voting, the US Congress has advanced three key cryptocurrency bills. The reason for the delay was the demand of some Republicans to include a ban on central bank digital currency (CBDC). A compromise was found: the ban was promised to be included in the defense budget, which opened the way for further consideration of initiatives - in particular, the CLARITY Act and the GENIUS Act. The latter caused controversy as concerns arose that it allowed for a workaround to the CBDC. Republicans have labeled the current week as "cryptocurrency week".Meanwhile, bitcoin is holding steady above $115,000. The potential support area in the $107000-112000 range remains valid.