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Bitcoin Sees Profit‑Taking As Lawmakers Gear Up For ‘Crypto Week’

  • Bitcoin dipped below $109K triggering a market retreat, with two dormant wallets moving a total of 20,000 BTC worth $2.18B in one session.
  • Lawmakers in the US gear up for 'Crypto Week' from July 14–18 to review major bills focusing on market structure, stablecoins, and CBDC surveillance.
  • Bitcoin rallied past $109K but pulled back to around $108,700, sitting close to its recent all-time high of $112K amidst concerns like rising rates and global tensions.
  • Market sentiment remains cautious despite ETFs loading up on BTC and corporates continuously adding to their Bitcoin holdings.

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