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CRYPTO CRAZE: BILL PASSES, BITCOIN SOARS PAST $120K!
U.S. Congress Unleashes Crypto Frenzy with the Genius Act!
In a jaw-dropping twist, the crypto world is blowing up as Congress passes a groundbreaking piece of legislation! The total market cap for all cryptocurrencies rocketed above $4 TRILLION for the first time ever! Meanwhile, traditional stock markets just sat there like a bump on a log.
On Friday, while the S&P 500 was basically yawning with a flatline, Bitcoin was busting through the $120,000 barrier! Talk about a rollercoaster! The Genius Act, just signed into law by President Trump, has sent ripples through the digital asset universe, and investors are buzzing with excitement!
The House slammed through three crypto bills on Thursday, with the crème de la crème—the stablecoin regulation—zooming straight to the White House after a speedy Senate approval. “We worked hard. It’s a very important act, the Genius Act. They named it after me,” Trump boasted with a chuckle during the signing ceremony—and you could practically feel the crypto crowd cheering!
As the ink dried on the Genius Act, Bitcoin and other cryptocurrencies took off like a rocket! Bitcoin briefly smashed the $120K mark, while major stocks in the crypto space also went haywire. Coinbase hit an all-time high, soaring nearly 6% to $444! And let’s not forget Robinhood, which exploded by 4% to skyrocket to $113!
Crypto CEOs were on hand—right in the front row, no less—to bask in the glory of the Genius Act’s signing. But don’t let the crypto celebration fool you; the shadow of Trump’s looming tariffs is creeping up on the markets, and insiders say he’s pushing for steep taxes on EU imports.
White House spokesperson Kush Desai kept mum on the tariff talks, leaving everyone wondering what’s next. Trump’s tariff threats have sent markets on a dizzying ride since April, with initial panic giving way to surging highs—but now, investors are left gripping their seats as the future of trade negotiations hangs in the balance.
Buckle up, folks! Crypto is on a wild ride, and you won’t want to miss a moment of this unstoppable surge!
photo credit: fortune.com
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