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.
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
A major whale investor has increased their short position on Bitcoin through the decentralized futures platform Hyperliquid, earning $131,000 with a 26.7% return over 30 days. This move reflects a bearish sentiment among large investors who expect Bi...
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
