Mara Holdings

Crypto-linked equities sold off Tuesday after the U.S. Senate failed to advance the Digital Asset Market Clarity Act. Coinbase, Circle and Galaxy each dropped more than 8% as investors reassessed the path toward federal crypto market rules.

Bitcoin remained under pressure after four straight days of losses, with BTC/USD trading at 63,400 after retreating from this month’s high of 65,330. ETF outflows, Strategy sales and a bearish chart structure have kept market participants focused on 60,000 as the next key downside level.

Bitcoin traded near 63,400 after four straight days of losses, pressured by ETF outflows, Strategy sales and fading expectations around the CLARITY Act. Technical traders are watching 60,000 as the next downside target, while a move above 66,000 would soften the bearish setup.

Bitcoin is cautiously testing the $65K level for a fourth consecutive day, with traders watching whether the market can build momentum toward the $70K region. Broader crypto sentiment remains fragile, but signs of stabilization, weaker derivatives activity, and major treasury disclosures are shaping the latest market narrative.

Bitcoin moved higher for a second consecutive day as traders returned to risk assets after the US and Iran paused attacks. BTC/USD is hovering near key technical support, with bulls watching the upper channel area while downside risks remain tied to geopolitics, rates and ETF flows.

Hut 8 and IREN led a sharp Monday rebound in bitcoin mining stocks after announcing major AI infrastructure contracts. The deals helped ease investor concerns that demand for new data center capacity could be cooling.

MARA Holdings sold 15,133 BTC for $1.1 billion to repurchase convertible debt at a discount, strengthening its balance sheet and sending MARA stock 10% higher in premarket trading.