Clarity Act Delay Sinks Bitcoin, Will US-Iran New Deal to Open Strait of Hormuz Push Past $66K?

TLDR

• Bitcoin trades near $65,098, up 0.88% over the past 24 hours as regulatory uncertainty weighs on sentiment.
• The U.S. Senate delayed the Clarity Act vote until at least September after leaving for its summer recess.
• Bitcoin whales holding 10,000 to 10 BTC accumulated more than 20,000 BTC since July 29.
• U.S. spot Bitcoin ETFs recorded four straight days of inflows totaling $754 million.
• BTC needs to reclaim $65,000 to target $67,000, while weekly support remains near $55,000-$60,000.

Bitcoin is trading near $65,098, up 0.88% over 24 hours, as investors weighed delayed US crypto legislation against strong institutional demand.

The US Senate left for its summer recess without voting on the CLARITY Act, moving the expected legislative timeline to September. The delay removed a near-term regulatory event that traders had been watching as a potential market catalyst.

Bitcoin Holds Near $65K as CLARITY Act Vote Is Delayed

The Senate’s decision to leave Washington without a CLARITY Act vote has extended uncertainty around the proposed crypto market structure legislation. The bill is now expected to remain pending until lawmakers return from recess.

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