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Crypto Markets Stalled Ahead of Key CLARITY Act Vote
Confirmed
In Short: Crypto markets, particularly Bitcoin, are experiencing a period of stasis as traders await the outcome of the CLARITY Act vote and the Federal Reserve's decision.
Bitcoin and other major cryptocurrencies are holding steady near $77,000 as traders remain cautious ahead of today's Senate vote on the CLARITY Act, which requires 60 votes to proceed.
Mudrex's Prateek Gupta noted that Bitcoin's recent push towards $79,500 was quickly rejected by sellers, indicating a cautious market sentiment.
The Senate is expected to vote on cloture on the CLARITY Act later today, a bill that needs 60 votes to move forward, with eight state attorneys general urging rejection of the latest draft.
Polymarket, a prediction platform, shows a 19% chance that the CLARITY Act will be signed into law in 2026, reflecting uncertainty in the market.
What's confirmed
- Bitcoin and other major cryptocurrencies are holding steady near $77,000 as traders remain cautious ahead of today's Senate vote on the CLARITY Act, which requires 60 votes to proceed.
- Mudrex's Prateek Gupta noted that Bitcoin's recent push towards $79,500 was quickly rejected by sellers, indicating a cautious market sentiment.
- The Senate is expected to vote on cloture on the CLARITY Act later today, a bill that needs 60 votes to move forward, with eight state attorneys general urging rejection of the latest draft.
- Polymarket, a prediction platform, shows a 19% chance that the CLARITY Act will be signed into law in 2026, reflecting uncertainty in the market.
What's still developing
- Also Read: Bitcoin ETFs Lose USD 460M as Ethereum Funds Extend Inflow Streak Delta's Riya Sehgal said Bitcoin's push toward USD 79,500 was rejected quickly by sellers.
- Clearing 60 votes today, she noted, could lift sentiment across majors and altcoins alike.
- A 60-vote threshold is required to move the bill past the filibuster stage.
- Traders are keeping position sizes light until both the vote and Fed decision clear.
- Bitcoin trades sideways near USD 77,368 as ETF outflows persist this week.
- Today's CLARITY Act vote and tomorrow's Fed rate call remain the market's key triggers.
- Bitcoin is stuck in a tight range today, holding just above USD 77,000.
- Spot Bitcoin ETFs booked heavy outflows this week, snapping a three-week inflow streak.