Bitcoin climbed beyond the $65,000 mark on Monday after Senator Cynthia Lummis announced the CLARITY Act had cleared committee and advanced to the full Senate floor, marking a key step toward U.S. crypto market structure legislation.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $65,540.13 |
| Ethereum | (CRYPTO: ETH) | $1,909.08 |
| Solana | (CRYPTO: SOL) | $77.92 |
| XRP | (CRYPTO: XRP) | $1.11 |
| Dogecoin | (CRYPTO: DOGE) | $0.07293 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054250 |
Notable Statistics
- Coinglass data shows 79,479 traders were liquidated in the past 24 hours for $245.39 million.
- SoSoValue data shows net inflows of $132.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $36.7 million.
- In the past 24 hours, top gainers include Pump.fun, Virtuals Protocol and Pi.
Notable Developments
- Bitcoin ETFs Flip Green After $8B Exodus: But Is $273M Enough to Matter?
- Ethereum’s Next Bull Run? RWAs Could Make It More Valuable, but Shakeout Risk Remains
- ‘Everyone I Know Wants to Buy in October,’ Analyst Warns: Why Is That a Red Flag for Bitcoin?
- What Happens When The Largest Bitcoin ETF Sells 100,000 BTC?
- Anthony Scaramucci Predicts Bitcoin Upside at 25x if Gold Hits $50 Trillion
- Bitmine Slows ETH Buys to 7,430 Tokens as Tom Lee Redirects $86M to Stock Buybacks: What Changed?
- Strategy Raised $730M and Bought No Bitcoin in Two Weeks: Will MSTR Hold $95?
- Dogecoin Has a Chance, but Shiba Inu, Bonk Labeled ‘Worthless’ – Analyst Predicts No New Peaks
Trader Notes
Trader KillaXBT noted Bitcoin is testing a key low-timeframe resistance after breaking above recent highs ahead of the new weekly open.
A rejection at current levels could signal a red week and reduce the chances of a move to sweep the $67,000 highs, making this area critical for maintaining bullish momentum.
Michael van de Poppe expects Bitcoin to rally toward the $80,000–$85,000 range over the next two to three months. He argued that the move would align with the 50-week moving average, which has historically acted as resistance during the first major rally after a bear market ends.
Trader and investor Virtual Bacon says the CLARITY Act’s House approval shifts the focus to a Senate floor vote before the August recess.
While its passage would be a major long-term catalyst for altcoins by enabling exchange products and new market narratives, they argue it won’t trigger an immediate rally, with Bitcoin needing to confirm the next bull market first.
Image: Shutterstock
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