Bitcoin Dips Below $117K Amid Stalled Crypto Legislation

Legislative Impasse Triggers Market Reaction

Bitcoin slipped below the $117,000 mark on Tuesday as lawmakers blocked a series of cryptocurrency-related bills in the House of Representatives. The recent procedural setback, which saw 13 Republicans join Democrats in a 196-223 vote against advancing key crypto legislation, has injected uncertainty into an otherwise buoyant market environment.

Market Volatility and Investor Sentiment

The decline in bitcoin, which fell by 2.8% to settle at approximately $116,516, follows a peak at $120,481. This dip comes at a time when institutional investors had been propelling bitcoin exchange-traded funds (ETFs) to record highs, suggesting that pending legislative actions were integral to sustained market optimism.

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Impact on Crypto-Related Stocks

The legislative deadlock reverberated across the broader crypto sector. Shares of bitcoin miners Riot Platforms and Mara Holdings fell by 3.3% and 2.3% respectively, while Coinbase, a major crypto trading platform, experienced a 1.5% decline in extended trading sessions. These movements underscore the sensitivity of crypto stocks to regulatory uncertainties.

Looking Ahead

As the crypto industry navigates a complex landscape of regulatory and market pressures, stakeholders will be closely monitoring congressional actions. The current episode serves as a reminder of the intricate interplay between policy decisions and market performance in the rapidly evolving digital asset space.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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