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 defined trading range between $61,858 and $67,074, below its 200-day EMA, indicating the broader downtrend is intact. The delay mainly affects altcoins more than Bitcoin, and the price is expected to continue fluctuating within this range until the Senate revisits the bill in September.
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...
Bitcoin remains near $65,000 but faces pressure as the total stablecoin market capitalization has dropped by over $16 billion since May. This decline suggests that capital may be exiting the crypto market rather than just rotating between Bitcoin and...
ETHGas, which tracks Ethereum gas fees, rose over 36% following increased network activity and congestion. The surge was driven by a rebound in Ethereum transactions and a rise in DeFi lending dominance to 67% of onchain borrowing. Layer 2 solutions ...
Bitcoin remains stable around $64,700 despite escalating Middle East tensions following an attack by Yemen’s Iran-linked Houthis on Saudi Arabia, which has driven Brent crude oil prices above $83 a barrel. This geopolitical unrest has also boosted go...
In August, the S&P 500 surged 3.12%, adding about $2.1 trillion in market value, driven mainly by AI and semiconductor stocks. Bitcoin, however, gained only 2%, trading near $64,600, as it lacks exposure to these sectors and faces additional pressure...
