Bitcoin price forecast: BTC trades above 118,000 USD ahead of the White House’s first virtual asset policy report

Currently, Bitcoin price is consolidating between 116,000 USD and 120,000 USD. Institutional inflows into Bitcoin ETFs reached 2.39 billion USD last week, highlighting sustained interest from larger investors.

The GENIUS Act signed by President Trump is setting a federal framework for stablecoins, which may impact Bitcoin’s regulatory landscape following the White House’s report set to release soon.

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