Followin message, On July 17, the U.S. House of Representatives passed a procedural vote (215–211) to advance three major crypto-related bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act. These bills will now move to formal debate and could face final votes as early as this week. The move is seen as a meaningful step toward establishing a regulatory framework for digital assets in the U.S.
On the same day, the Federal Reserve’s Beige Book painted a neutral-to-cautious economic outlook, with most districts expecting flat or weakening growth. Meanwhile, Donald Trump stated he would only consider appointing a Fed Chair who supports low interest rates—further fueling market expectations of a rate cut.
Bitunix Analyst’s View:
BTC continues to consolidate in a narrow range amid supportive policy signals and macro uncertainty. If the crypto bills pass in the House this week, it could serve as a positive catalyst for sentiment. Short-term support remains at $116,300, with resistance around $121,000. A break below support may warrant a more defensive stance—avoid chasing upside in the near term.
