Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Albanese’s China trip shows ‘stiffening of Canberra’s spine’ in face of US pressure

July 18, 2025

Deal or no deal with US? Taiwan avoids tariffs so far, but remains on edge

July 18, 2025

After market value surpassed $4 trillion.. Are we seeing a crypto bubble?

July 18, 2025
Facebook X (Twitter) Instagram
Friday, July 18
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Copper climbs over 1% as dollar dips
World Economy

Copper climbs over 1% as dollar dips

adminBy adminJuly 18, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 6


Bitcoin rose during Friday’s trading, briefly surpassing the $120,000 mark during Asian hours, heading toward its fourth consecutive weekly gain after the US House of Representatives passed three laws aimed at creating a clearer regulatory framework for digital currencies.

 

The world’s largest cryptocurrency was last traded at $120,552.8, up 1.7%, as of 01:55 a.m. Eastern Time (05:55 GMT).

 

Bitcoin had reached record levels above $123,000 earlier in the week, but profit-taking at these historic highs—along with concerns over the final stages of regulatory legislation—limited its gains.

 

Three Regulatory Bills Pass the US House of Representatives

 

On Thursday, the US House of Representatives approved three landmark bills that lay the groundwork for a clearer legal framework for digital assets.

 

The main bill in this package, the GENIUS Act, passed by a vote of 308 to 122, after previously gaining Senate approval in mid-June. It now awaits President Donald Trump’s signature to become law.

 

The GENIUS Act stipulates that:

 

– Issuers of stablecoins must hold reserves of high-quality assets equivalent in value to the dollar.

 

– Issuers are subject to regular financial audits.

 

– Dual oversight will be imposed by both federal and state regulators.

 

The House also passed two additional bills:

 

– CLARITY Act: Aims to determine whether digital tokens fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).

 

– Anti-CBDC Surveillance State Act: Prevents the Federal Reserve from issuing a central bank digital currency without explicit congressional approval.

 

These developments represent a coordinated effort in what Republican lawmakers have dubbed “Crypto Week” to reshape digital asset regulation in the United States. Officials and market participants welcomed the steps as a crucial advance toward stable regulatory foundations.

 

Political Uncertainty and Democratic Criticism

 

However, the legislative package still faces hurdles. The two bills not related to stablecoins are still awaiting Senate approval, and markets are watching for final passage before fully reacting to the new regulatory environment.

 

Skepticism continues to surround the crypto industry. The sector strongly supported President Trump and the Republican Party in last year’s elections, and critics say that political backing is now paying off.

 

Some Democrats have also criticized crypto-related deals made by Trump and his family, which are said to have generated enormous wealth—at least on paper. The Nation magazine conducted a detailed investigation into a mysterious investor in a Trump-linked cryptocurrency, raising questions about conflicts of interest and undue influence.

 

Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, stated: “These laws make Congress complicit in the largest crypto fraud in Trump’s history.”

 

Market Outlook: Bitcoin in an Upward Trend

 

Nonetheless, many expect Bitcoin to continue rising regardless of political controversy. Analyst Nikolai Søndergaard from Nansen told Bloomberg: “Recent US policy developments—like fiscal expansion and expectations of monetary easing—have undoubtedly created a supportive environment for Bitcoin.”

 

On Monday, Bitcoin exceeded $122,000, meaning it has more than doubled in value compared to last year—making its anonymous creator, Satoshi Nakamoto, one of the richest people on Earth.

 

This sharp rise is further evidence of the unprecedented boom in the digital asset sector under Trump—a trend that could continue, especially as the House of Representatives prepares to pass additional legislation that could make the United States a global haven for cryptocurrencies.

 

 

 



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

World Economy

After market value surpassed $4 trillion.. Are we seeing a crypto bubble?

July 18, 2025
World Economy

Ripple scales record highs on massive investment spike

July 18, 2025
World Economy

US dollar extends gains, yen faces pressures

July 18, 2025
World Economy

Oil rises marginally after new EU sanctions on Russia

July 18, 2025
World Economy

Bitcoin returns higher as US House passes crypto bills

July 18, 2025
World Economy

Gold moves higher towards 3-week peak as dollar slows down

July 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Gohar says ‘essential to maintain market-based exchange rate’ – Markets

July 18, 2025

Pakistan’s real effective exchange rate hits 21-month low in June 2025 – Markets

July 18, 2025

Pakistan’s IT exports surge to all-time high of $3.8 billion in FY25 – Technology

July 18, 2025

CCP raids transformer material suppliers over suspected bid rigging – Business & Finance

July 18, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Albanese’s China trip shows ‘stiffening of Canberra’s spine’ in face of US pressure
  • Deal or no deal with US? Taiwan avoids tariffs so far, but remains on edge
  • After market value surpassed $4 trillion.. Are we seeing a crypto bubble?
  • What Netflix’s beat-and-raise quarter is good for Disney investors
  • Why higher beef prices don’t derail case for owning Texas Roadhouse

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Albanese’s China trip shows ‘stiffening of Canberra’s spine’ in face of US pressure

July 18, 2025

Deal or no deal with US? Taiwan avoids tariffs so far, but remains on edge

July 18, 2025

After market value surpassed $4 trillion.. Are we seeing a crypto bubble?

July 18, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.