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The Bitcoin price fell 2% in the last 24 hours to trade at $118,386 as of 11:36 p.m. EST on an 8% surge in trading volume to $55 billion.
The BTC price dip came even as US President Donald Trump signed the pro-crypto GENIUS Act into law.
The new law gives stablecoins clear legal rules, requiring them to be fully backed by reserves, audited monthly, and regulated at both state and federal levels.
The desk where it happened. GENIUS Act has been signed by President Trump and is now the law of the land. This creates a Federal framework for stablecoins. Huge. Next up, market structure! pic.twitter.com/G6dazrt06x
— Cameron Winklevoss (@cameron) July 18, 2025
Banks, nonbanks, & credit unions can jump in and issue their stablecoins without looking over their backs at financial regulators.
Bitcoin Price Holds Above Key Support
The BTC/USD chart shows the 1-day price action with a 50-day Simple Moving Average (SMA) at $108,793 and a 200-day SMA at $97,735. Price action’s been riding a bullish trendline since April, with a recent push above the $119,445 resistance, only to pull back slightly.
The Relative Strength Index (RSI) sits at 66.52, flirting with overbought territory but not quite there, suggesting room to run before a major correction.
The MACD shows a past bullish crossover, but now the lines are getting closer, hinting at a possible bearish cross. If that happens, Bitcoin could drop to around $108,000. But if it bounces instead, the uptrend could continue.
BTCUSDT Analysis Source: Tradingview
Zooming out, the rising channel pattern signals potential upside for the Bitcoin price. The upper trendline lies near $140,000, marking it as the next big flex point, with a measured move suggesting a possible $20,000+ pump if BTC breaks through.
Bitcoin Price Bulls Target $140K Despite The Dip
The 2% drop likely came from profit-taking after the GENIUS Act news. Bitcoin has strong support at $108,793 (50-day SMA), and if that breaks, it could drop to around $100,000. A deeper floor sits at $97,735.
In the short term, expect some ups and downs as traders react to the new law. If adoption grows, Bitcoin could rise to $130,000–$140,000 by August. With clear regulations now in place, $150,000 by year-end is possible—unless an unexpected event crashes the market.
Investors should watch the RSI. If it goes above 70, it might be time to take profits. Momentum is strong, but the GENIUS Act could spark hype that fades quickly.
Bitcoin Hyper Presale Heats Up: A Game-Changer for Bitcoin’s Future?
As the Bitcoin price takes a breather and the altcoin market explodes, investors are looking at the next best place to invest their profits. A lot of attention is focused on the crypto presale Bitcoin Hyper (HYPER).
Bitcoin has always led the crypto world, but it’s often slow and expensive to use, like sending a letter in the age of instant messaging.
Enter Bitcoin Hyper, a new Layer-2 project aiming to fix that. It’s already raised over $3.5 million in its presale as investors buy into the idea of Bitcoin 2.0.
Bitcoin Hyper speeds up transactions and lowers fees by using the Solana Virtual Machine (SVM). This means it combines Solana’s fast performance with Bitcoin’s strong security, basically giving Bitcoin a major upgrade without changing its core.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Through a decentralized “Canonical Bridge,” users can lock their Bitcoin, get a wrapped version on Hyper’s Layer-2, and dive into speedy activities like trading, staking, or decentralized apps (dApps).
If you want your Bitcoin back, you can just burn the wrapped tokens, and it’s yours again, verified by zero-knowledge proofs for top-notch security.
Two security audits from SpyWolf and Coinsult give the project a clean bill of health, boosting confidence. Bitcoin’s recent surge to new all-time highs has everyone eyeing BTC-related projects, and Hyper’s promise of faster, cheaper transactions could unlock new uses like DeFi or gaming on Bitcoin’s network.
This is why experts from 99Bitcoins, a crypto YouTube channel with over 723k subscribers, predicted recently that Bitcoin Hyper could be the next 10x crypto.
Currently priced at $0.012325 per HYPER token, you can jump in using ETH, USDT, BNB, or a credit card on the project’s website or via Best Wallet, which lists it as an “Upcoming Token” for easy tracking.
Early buyers are also eyeing the jaw-dropping 262% annual percentage yield (APY) for staking, with over 200 million tokens already locked.
Buy now before the next price hike in about 33 hours.
Visit the Bitcoin Hyper website.
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