Market Overview - The cryptocurrency market experienced a significant downturn on July 19, following a rise on July 18, with Bitcoin dropping from over $120,000 to around $116,788, and settling at approximately $118,000, reflecting a nearly 2% decline within 24 hours [1] - Most cryptocurrencies, including Ethereum, SUI, XRP, and ADA, also saw declines, with Ethereum down about 1%, SUI down over 6%, XRP down over 4%, and ADA down over 3% [2][3] Market Data - CoinGlass reported that over 180,000 traders were liquidated in the past 24 hours, with total liquidation exceeding $800 million [4] - The breakdown of liquidations included approximately $540 million from long positions and $270 million from short positions [5] Regulatory Developments - On July 18, U.S. President Trump signed the "Genius Act," establishing a regulatory framework for digital stablecoins in the U.S. [6] - The Act mandates that the Federal Reserve and the Office of the Comptroller of the Currency oversee the issuance of stablecoins by large banks and non-bank entities, requiring a 1:1 reserve backing for payment stablecoins [6] - The Act also calls for a study on non-payment stablecoins by the U.S. Treasury, with a report to be submitted to Congress within one year [6] Legislative Context - The U.S. House of Representatives passed the "Genius Act" with a vote of 308 in favor and 122 against on July 17, which contributed to a temporary surge in cryptocurrency prices on July 18, with Bitcoin surpassing $120,000 and Ethereum nearing $3,600 [7]
重磅文件 特朗普签了!加密货币突然跳水 超18万人爆仓
Zheng Quan Shi Bao·2025-07-19 03:37