$BTC 🟡The largest cryptocurrency in the world was trading 0.6% higher at $119,001.6 at 8:25 AM (Spanish time).

The token reached all-time highs above $123,000 last week, but has since retraced below $120,000 and is now trading in a consolidation phase near that level.

Cryptocurrency legislation is advancing in the U.S., but investors remain cautious.

Last week, President Donald Trump signed the U.S. GENIUS Act, establishing a federal regulatory framework for stablecoins.

The law requires stablecoin issuers to maintain reserves in liquid assets, including dollars or Treasury bonds, and to provide monthly disclosures.

This measure is seen as an important step towards legitimizing stablecoins, a sector currently valued at over $260 billion, and their more complete integration into the financial system.