Overview

• Bitcoin is consolidating near $116,000–$119,000 after setting an all-time high above $123,000.
• Spot Bitcoin ETFs have attracted record institutional inflows, including a single-day $1.17 billion surge, boosting liquidity and lowering volatility.
• A failed procedural vote in the U.S. House has stalled three key bills—the GENIUS Act, Clarity Act and Anti-CBDC Surveillance State Act—derailing the 'Crypto Week' agenda.
• June’s consumer price index rose to 2.7 percent, reinforcing expectations for sustained high interest rates and prompting traders to book profits.
• President Trump has signaled continued support for crypto policy, raising hopes that stalled legislation will soon resume progress.