IOTA (IOT) rose by 0.5% to $0.2168 this week, outperforming Bitcoin (BTC), which is down by 1.13% to $116,980. The token had gained as much as 12.4% on Monday, reaching $0.2417 — its highest level since May 15 — but later gave up most of those gains as BTC pulled back. The decline was driven by minor uncertainty ahead of U.S. Congress votes on the GENIUS and CLARITY stablecoin acts, which have already passed the Senate and are now expected to receive House approval.
IOTA is likely to retest the support at $0.2000 before resuming its move higher, with the next upside target set at $0.3000.
