TheDrop Market Analysis, 07/18/25

Markets rose or stagnated depending on sector after the passage of the GENIUS Act by the pen signature of President Donald J. Trump on Friday, ending this strong "Crypto Week."

President Trump holding up his signature on the GENIUS bill making it into federal law.

The Nasdaq led today's gains with a 0.05% rise. Meanwhile, the S&P 500 index fell by a mere 0.01%, while the more consolidated Dow 30 index fell 0.32%; the medium business-heavy Russell 2000 fell by the most significant margin, 0.61%.

Currency performed very well today, with the valuations of gold rising 0.3%, silver rising 0.32%, the USD against the Euro rising. However, crypto did surprisingly bad today considering the circumstances, perhaps due to being overbought from their strong rally yesterday. Bitcoin fell 1.61% and XRP fell 4.31%.

10-year bond yields fell 0.69% as investors worried about incoming tariffs, and new attacks by Trump against Fed chair Jerome Powell.

The passage of the GENIUS Act by President Trump was certainly important, as it pushed for greater oversight over the stablecoin industry by the federal government. This led to some stocks pushing up, like Coinbase, which once again rallied. However, most stocks having been overbought due to earlier bull markets this week were pressured to much to fall to more appropriate levels given their respective tangible values.