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Bitcoin could hit $70K by July 2026 amid negative sentiment and potential U.S. crypto rules progress.

Market News
14 Jun 2026
Crypto news
View Source
Bullish
pluang ai news

Anthony Scaramucci and Mike Novogratz predict Bitcoin may reclaim $70,000 by July 2026, fueled by current negative market sentiment and potential progress on the U.S. CLARITY Act, which aims to clarify crypto regulations. Novogratz links Bitcoin's outlook to the U.S. $40 trillion debt and the need for steady inflation to reduce debt value, supporting Bitcoin as a scarce asset hedge. However, political uncertainty and market pressures from the recent SpaceX IPO and Strategy's Bitcoin trades add caution. The CLARITY Act's passage remains uncertain, with ongoing debates over ethics and privacy issues, while crypto liquidity faces challenges amid large tech stock offerings.

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