Bitcoin Crosses $65,000 As Ethereum, XRP, Dogecoin Rally After CLARITY Act Advances To Senate Floor
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.
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