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Bitcoin rally gains strength as institutions and whales increase buying amid Clarity Act progress.

Market News
21 Jul 2026
Coindesk
View Source
Bullish
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Bitcoin's price has risen above $66,000, supported by institutional inflows through U.S.-listed ETFs and long-term holders accumulating coins. The White House's agreement on an ethics clause for the Clarity Act boosts hopes for the legislation's progress, potentially increasing institutional participation. Market data shows large Bitcoin whales building positions while medium wallets sell, indicating a balanced market with growing futures and options activity. However, risks remain from heavy U.S. Treasury bond issuances that could reduce liquidity and pressure risk assets in the near term.

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