Bitcoin's price recently climbed back above $65,000 but faces strong resistance in the $65K-$67K zone, which is crucial for determining its next move. Despite positive ETF inflows and some accumulation by long-term holders, buying pressure has not been strong enough to sustain a bullish trend. The long-term holder SOPR indicates coins are still moving at a loss, and the daily chart shows a bearish swing structure. Key resistance levels at $67.3K and $82.8K must be surpassed to confirm a bullish reversal, while failure to do so could extend the current bearish cycle.
The U.S. Senate has postponed the vote on the Clarity Act to September 14 due to lack of consensus, stalling hopes for clear crypto regulations. This delay has left Bitcoin trading around $64,000, unable to break resistance near $66,000 despite $626 ...
Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led c...
Bitcoin climbed nearly 2% to around $65,200 after U.S. July jobs data showed a surprising loss of 23,000 payrolls, missing expectations for growth. This weak report reduces the likelihood of a Federal Reserve rate hike in September, pushing traders t...
Bitcoin is trading around $65,167, up about 1.4% on the day, after the US Senate confirmed it would not vote on the CLARITY Act before the August recess. The market had already priced in this delay, so the impact was muted. Bitcoin remains in a defin...
Michael Saylor, a prominent Bitcoin advocate, declared that Bitcoin does not require the long-delayed Crypto Clarity Act to function properly. He argued that the law is more necessary for the United States to regulate its crypto operations smoothly r...
