In today's crypto news, Bitcoin is expected to consolidate but may still reach new all-time highs in July, according to Galaxy Digital's Michael Harvey. He believes a pause for adjustment is realistic after a significant rally, but emphasizes that continuous strong inflows into Bitcoin ETFs and retailer demand are crucial for upward movement. Additionally, U.S. President Donald Trump signed the GENIUS Act, marking a significant step in stablecoin legislation. This bill aims to establish regulatory frameworks for stablecoins with the presence of prominent crypto figures at the signing ceremony. Meanwhile, a massive transfer of $9.6 billion in Bitcoin from a dormant Satoshi-era wallet has raised concerns about a potential market correction. Analysts speculate this could be linked to the new stablecoin regulations and signal a bubble burst in Bitcoin's valuation. The market seems cautious as it approaches a total capitalization of $4 trillion, with various factors influencing price dynamics.

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