, which had been suffering from a new report due to a series of favorable factors last week, began to take a breather on Jul. 21 due to the sale of profit-taking. Last week, after the U.S. House of Representatives passed three U.S. cryptocurrency regulations, President Trump signed the U.S. stable coin regulation bill \"GENIUS Bill.\" Cryptocurrencies rose one after another last week on the interpretation that the foundation for cryptocurrency to enter the financial system has been established in the U.S. However, as Bitcoin bro', 'https://img.blockstreet.co.kr/photo/2022/12/20/20221220000008_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025072116402681710'));){kind=link}
BTC Settles $119,000 on Profit-Taking Sell-Off
Altcoin-Focused Rise in U.S. Regulatory Development
Experts Point Out "U.S. Institutions Still Buy BTC"
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Last week, after the U.S. House of Representatives passed three U.S. cryptocurrency regulations, President Trump signed the U.S. stable coin regulation bill "GENIUS Bill." Cryptocurrencies rose one after another last week on the interpretation that the foundation for cryptocurrency to enter the financial system has been established in the U.S.
However, as Bitcoin broke new highs one after another, there was a sell-off in the market, and Bitcoin fell adjusted to $119,000.
Altcoins rose amid a brief slowdown in Bitcoin's high rise. With the development of regulatory proposals in the U.S., there is a high probability that a number of applications for approval of altcoin-linked exchange-traded funds(ETF) such as XRP, Solana, and Dogecoin(DOGE) will be approved.
◇Bitcoin = Bitcoin price is $119,385 at 4:30 p.m. on Jul. 18, 2025. Bitcoin share(Dominance) stood at 60.86%.
The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 45.33% and 54.67%, according to the on-chain analytics platform Sigbtc.
Despite the decline in Bitcoin's adjustment, U.S. institutions supported Bitcoin's price, raising the prospect that there will be no significant decline in Bitcoin.
CoinTelegraph, a cryptocurrency media outlet, said, "Bitcoin spot ETFs in the U.S. recorded net inflows for 12 consecutive trading days," adding, "This is an encouraging sign of Bitcoin price defense."
◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 21 was Pudgy Penguins(PENGU), up about 19% on the day alone.
Pudgy Penguins is a meme coin derived from the 8888 NFT collection that is directly linked to the Pudges Penguins toys sold at Walmart.
Pudges Penguins toys have combined physical products with Web 3.0, including QR codes, and buyers can receive NFT items for free.
◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'greed' stage with 71 points. The greed stage is a stage where price volatility and trading volume increase, and the price rises. The possibility of forming a high short-term high is high, so caution should be taken in selling.
The cryptocurrency relative strength index(RSI) provided by Sigbtc was 58.2, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.
권승원 기자 ksw@blockstreet.co.kr