Live updates: BTC above $65,000 even as the Senate punts the CLARITY Act to the fall
60-second summary
The Bitcoin price hovers above $65,000 as the Senate delays the CLARITY Act, a crypto bill, until the fall. Despite this setback, the market experiences a rise, driven by steady ETF inflows and a weaker US dollar, which contribute more to prices than Washington's inaction. The market's resilience indicates a growing acceptance of cryptocurrencies.
The market rose even as the Senate left the crypto bill unpassed before its recess, with steady ETF inflows and a softer dollar doing more for prices than Washington.