Bitcoin Analysts Highlight Key Factors To Watch As July Winds Down

Key Points

1. The U.S. House of Representatives approved the GENIUS Act, a significant legislative development for stablecoins.

2. Bitcoin reached an all-time high of over $122,000 in mid-July and has since traded between $115,000 and $120,000.

3. Key catalysts for Bitcoin's price include ETF inflows, corporate treasury allocations, and pending regulatory developments like the CLARITY Act.

4. Analysts note Bitcoin is in a consolidation phase, with potential for a sharp price move depending on FOMC meeting outcomes and macroeconomic trends.

5. Updates on White House crypto policy and Fed rate decisions are expected to impact Bitcoin's market dynamics.