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Bitcoin shows Resilience amid Market Correction
Bitcoin showed resilience, holding the $118,000 mark after reaching a record high of $123,000 last Monday,
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Last updated: Thursday, July 24, 2025
Quick overview
- Bitcoin remains stable at $118,000 after peaking at $123,000, reflecting shifting market dynamics.
- The recent increase is seen as a pause for the market to digest gains following the passage of the GENIUS Act.
- Jerome Powell's upcoming speech is raising expectations for future monetary policy, potentially impacting both cryptocurrency and traditional markets.
- Ongoing discussions about US tariffs are adding pressure to global markets amid uncertainty regarding their implementation.
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ABOUT THE AUTHOR
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Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.
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