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Bitcoin hovers near $66K amid Senate push for CLARITY Act with 15 days left before recess

Market News
22 Jul 2026
Bitcoin
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Neutral
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Bitcoin struggled to maintain its position near $66,000 on July 22, experiencing volatility between $65,536 and $66,921 as market momentum slowed. The U.S. Senate is advancing the CLARITY Act, which includes strict ethics rules for officials and $164 million in crypto liquidations, aiming to regulate digital assets more tightly. Despite some political friction over enforcement, the bill retains protections for developers and customers and could end the crypto winter if passed before the August recess. Bitcoin's market cap rose above $1.32 trillion, reflecting a 12% gain for the month so far, showing resilience amid geopolitical tensions and regulatory uncertainty.

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