The U.S. Senate greenlights the GENIUS Act:
With 68 votes in favor and 30 against, a bill is approved that could transform the use of stablecoins in the U.S. It requires 100% backing in reserves and monthly audits. The next step: the House of Representatives.
The price hovers around 104,950 USD. A solid support level is confirmed at 104,400 USD and a marked resistance near 107,000 USD. Traders are watching cautiously, but with optimism.
Despite a slight 2.8% drop in the global cryptocurrency market (currently at 3.38 trillion USD), positive flows of over 216 million USD are reported in Bitcoin ETFs. The capital inflow suggests long-term confidence.
