The Trump administration is pushing for the CLARITY Act, a crypto market structure bill, to pass before Congress's August recess. The bill aims to clarify rules on token classifications and institutional participation, potentially boosting Bitcoin and other crypto sectors. Markets are cautious, with Bitcoin consolidating near $60K as traders await the vote. A clean passage could lead to significant price gains, with some analysts projecting Bitcoin could reach $95,000 to $130,000 or higher within 12 months. However, the bill faces hurdles over ethics provisions related to government officials, which could delay or derail its passage, causing potential price declines. The outcome hinges on securing 60 Senate votes and resolving ethics language disputes.
Bitcoin price hovered near $62,600 with long-term holders (OG investors) reducing their selling, easing some supply pressure near the key $60,000 support level. However, Binance inflows indicate ongoing panic selling with nearly $479 million worth of...
Robinhood Markets Inc. (HOOD) has recently diverged from its long-standing close correlation with Bitcoin's price, with Robinhood's stock rising while Bitcoin's price fell. This shift reflects Wall Street's growing focus on Robinhood's internal growt...
The US Dollar Index (DXY) recently closed above its 100-week moving average near 101.03 for the first time since May 2025, signaling potential trouble for risk assets like Bitcoin. This rise is driven by persistent inflation at 4.2% and the Federal R...
Bitcoin's price remains steady near $62,569 after a slight 0.45% decline, with whale wallets showing selective activity rather than broad selling. Ethereum also saw a minor drop to $1,670, while the total crypto market cap holds at $2.23 trillion. On...
Bitcoin is experiencing significant outflows as institutional investors move capital into AI stocks and upcoming tech IPOs like SpaceX and Anthropic. Spot Bitcoin ETFs saw their second-largest three-week outflow on record, and CME Bitcoin futures ope...
