Clarity ACT

Bitcoin advanced overnight, with BTC/USD trading around 64,600 after recovering from this week’s low of 62,357. Traders are watching a White House crypto meeting, renewed spot Bitcoin ETF inflows, rising long-term bond yields, and technical resistance near 66,875.

Former New York Gov. Andrew Cuomo urged Congress to pass the CLARITY Act, arguing that clearer federal rules are needed for crypto firms and traditional financial institutions. He warned that leaving policy to regulators could create shifting standards as political control changes in Washington.

Bitcoin remained on the defensive after BTC/USD fell to 63,043, its lowest level since August 3. Technical traders are watching whether the pair extends toward 60,000 or recovers above the 50-day moving average near 65,000.

Banking lobbyists and crypto advocates are locked in a renewed fight over whether platforms should be allowed to offer rewards tied to stablecoin holdings. The dispute has become a central threat to the Clarity Act as lawmakers weigh bank concerns against the crypto sector’s push for market structure rules.

Bitcoin is trading lower even as US technology shares push to fresh records, highlighting a widening gap between crypto and equities. ETF outflows, regulatory uncertainty, AI-driven capital rotation and bearish chart structures continue to weigh on BTC.

Bitcoin and XRP are struggling as crypto markets absorb stalled regulatory progress, renewed spot bitcoin ETF outflows and pressure from rising long-term yields. Despite the weak backdrop, some market participants continue to watch for a stronger move in the final months of the year.

Bitmine bought 7,391 ETH last week, its smallest weekly Ethereum purchase of the year, while increasing attention on share repurchases. Chairman Tom Lee said softer inflation and jobs data could support crypto despite the CLARITY Act missing a Senate vote before the August recess.

XRP slipped about 5% over the past week to near $1.03 while bitcoin, ether and solana advanced and the broader market rose. ETF inflows into XRP products continued, but fresh capital slowed sharply as traders weighed regulatory delays and neutral technical signals.

Trump Media, Crypto.com and Yorkville Acquisition have terminated plans for a publicly traded company focused on accumulating and staking CRO. The move marks a sharp pullback from Trump Media’s crypto expansion as the firm redirects attention toward media, data licensing and a proposed fusion-energy merger.

The Senate’s failure to pass the CLARITY Act leaves a fast-growing digital asset market operating without a comprehensive federal framework. As major financial institutions advance tokenization efforts, the debate is shifting from crypto policy to broader market resilience.

OKX executive Haider Rafique is skeptical the Clarity Act can clear Congress this year, arguing partisan incentives may overpower the crypto industry’s push for regulatory clarity. He also says bitcoin may have limited upside if the bill passes but could face sharper pressure if it fails.

Large Bitcoin holders have accumulated over 20,000 BTC since July 29, while U.S. spot Bitcoin ETFs attracted $754.69 million this week. The buying has not yet delivered a decisive breakout, with technical traders watching for a close above $65,000.

Bitcoin’s subdued trading range is drawing attention from technical traders who see a possible inverse head-and-shoulders pattern developing on the daily chart. The setup remains unconfirmed, with the neckline near $66,800 and the 50-day simple moving average near $63,321 emerging as key levels.

Blockchain Association CEO Summer Mersinger is pushing back against criticism of the Clarity Act, arguing that the bill supports innovation, competition and consumer protection. The debate centers on stablecoin rewards, DeFi oversight, tokenized securities and whether crypto market structure rules should favor open competition or incumbent institutions.

Bitcoin is holding a tight range as 30-day implied volatility sits near a long-standing 36% floor, even while broader risk assets move with more force. Market participants say the calm should not be confused with safety, especially with leverage, thin depth, regulatory uncertainty and macro catalysts still in play.

The S&P 500 has climbed 3.12% this month, adding about $2.1 trillion in market value while Bitcoin is up just 2% near $64,600. Market participants point to an AI-heavy equity rally, crypto-specific pressures, unstable ETF demand and four-year cycle positioning as reasons for the gap.

Bitcoin’s mempool transaction count has surged after the Coldcard wallet hack, highlighting a wave of coin movement across wallets and exchanges. BTC remains confined to its recent trading band as market participants weigh policy risk around the Clarity Act and pressure from real Treasury yields.

BTC/USD advanced as risk appetite improved, spot Bitcoin ETF inflows recovered, and crude oil prices eased. Technical traders are watching whether Bitcoin can clear resistance near the upper side of a descending channel or slip back toward last week’s low.

A solo Bitcoin miner packaged block 960,804 and earned 3.157 BTC, worth about $199,300, in another rare win for independent operators. The milestone arrived as Coldcard wallet concerns, rising BTC exchange reserves, weaker technical signals and fading regulatory momentum weighed on market confidence.

Bitcoin remained under pressure on Monday morning, with BTC/USD trading near 63,430 after several weeks of narrow movement. Traders are watching spot ETF flows, Federal Reserve messaging, and key technical levels at 67,000 and 60,000 for the next directional signal.

Strategy is publicly monitoring Bitcoin’s 200-week moving average and the cryptocurrency’s premium or discount to that level. The focus comes as Bitcoin trades near the historically important long-term trend line, with market participants watching whether support holds.

Coinbase’s second-quarter results fell short as weak crypto prices and subdued trading volumes pressured revenue and adjusted EBITDA. Analysts broadly pointed to market conditions rather than execution, while debating when trading activity can recover.

Senators Thom Tillis and Ruben Gallego are said to have finalized an approach to the crypto Clarity Act’s disputed ethics section, though details remain undisclosed. The compromise could determine whether the broader digital asset market structure bill can gather enough support before the Senate’s August recess.

Bitcoin recovered to $64.3K after again dipping below $63K, with buyers stepping in even as pressure hit the semiconductor sector. Market attention is now turning to the Federal Reserve’s rate decision and commentary, which could determine whether crypto resilience holds or weakens.