After dipping to a local bottom of 114,000 USD, Bitcoin has rebounded to 120,000 USD. Institutional flows have resumed, contributing to this resurgence, despite the market’s recent profit-taking and macroeconomic concerns.
The passage of the GENIUS Act is a significant development, reflecting U.S. Lawmakers’ serious engagement with cryptocurrencies. This increasing acceptance fuels institutional interest, enhancing Bitcoin’s status as a treasury asset in corporate strategies.
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