GENIUS Act — Stablecoin Act:
• The US Senate approved the "GENIUS Act" on June 18 — a draft federal regulation for stablecoins that mandates reserving and audits .
• The bill brings stablecoins closer to legalization and is seen as a positive signal for the market.
• Technical analysis of Bitcoin:
• Analysts (Crypto Rover) noted the repetition of a structural model of a bull cycle, which may herald growth after phases of consolidation   .
• Overall correlation with the stock market:
• The last week showed growth in the stock market, slightly improving risk appetite, and BTC confidently surpassed the $106,000 mark (+1.1%), while ETH is rising by about +0.6% .
