Overview
- Bitcoin’s price retreated about 4.5 percent to roughly $116,500 following its surge past $123,000 and subsequent profit-taking.
- U.S. spot Bitcoin ETFs have attracted over $85 billion in institutional inflows since early 2024, bolstering liquidity and dampening volatility.
- A failed House procedural vote has delayed consideration of the GENIUS Act, Clarity Act and Anti-CBDC Surveillance State Act during this week’s crypto policy debates.
- June’s Consumer Price Index rose to 2.7 percent, reinforcing inflation concerns even as a weaker dollar continues to underpin demand for crypto.
- Analysts anticipate Bitcoin will consolidate between approximately $110,000 and $125,000 as it digests its ETF-driven rally and awaits regulatory clarity.