Bitcoin has been testing the $65,000 support level since June 14, but hasn't closed below $66,000 since May 17. Despite not breaking the $72,000 resistance, regulatory sentiment is improving and Bitcoin derivatives metrics show limited downside.

In the US, lawmakers passed a Congressional Review Act to explore an SEC rule requiring listed companies to record crypto assets as both assets and liabilities. Despite a veto from President Biden, the move shows growing crypto influence in US politics.

The Federal Reserve is under pressure to lower interest rates to prevent recession, with inflation above the 2% target and unemployment rising slightly. Meanwhile, Bitcoin's price dropped 8.5% between June 6 and June 14, but its primary derivatives metric remained stable, suggesting a strengthening of the $65,000 support level.