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Bitcoin remains in a holding pattern. Stuck around $64,000 for several days, the crypto market is waiting for a signal that hasn’t come — and the U.S. Congress has confirmed that the wait will continue.
The vote on the Clarity Act did not take place before the summer recess. Lawmakers have left Washington without making a decision, postponing the issue until September 14 at the earliest. The direct result: investors remain in wait-and-see mode. No risk-taking. No movement. Bitcoin stagnates at $64,300, with barely any fluctuations over the past 24 hours — and the entire week hasn’t really changed the situation either.
No breakthrough in sight.
Bitcoin ETFs Attract Inflows, But It’s Not Enough
Between August 3 and August 5, Bitcoin ETFs attracted $626 million. That’s significant. These inflows show that real interest exists, that capital continues to flow into the market despite legislative uncertainty. But without a clear catalyst, these funds struggle to create enough momentum to push prices higher.
Resistance is between $66,000 and $66,600. Bitcoin hasn’t managed to break through it. And as long as regulatory uncertainty persists, this zone is likely to hold.
In short: the money is coming in, but it remains cautious.
XRP, Solana, Dogecoin — Pressure Felt Across the Board
The rest of the market isn’t faring any better. XRP dropped more than 2% over 24 hours to $1.02, with a weekly loss exceeding 5.5%. Solana and Dogecoin have also fallen. The general trend is compression, retreat, and waiting.
BNB stands out as an exception — a slight increase of 1% over the week, nothing spectacular, but at least in the green. And then there’s HYPE, the token of Hyperliquid, which is up 1.3% over seven days. Probably not a coincidence. Projects with solid fundamentals, high internal trading volume, and real organic traction — these manage to capture attention when the rest of the market is dormant. It might be a sign of growing maturity: the automatic correlation with Bitcoin is diminishing, at least temporarily.
XRP, in particular, remains especially exposed. Historically sensitive to regulatory announcements from Washington, Ripple’s token suffers every time the legislative fog thickens. And right now, the fog is dense.
The Fed Further Complicates Matters
The Federal Reserve isn’t helping. At its July meeting, the Fed maintained rates between 3.50% and 3.75%. No official change — but internally, it wasn’t without friction. Three governors advocated for monetary tightening. Three dissenting voices, that’s not insignificant. It says something about internal tensions and the uncertainty even at the top of the institution.
For risk assets like Bitcoin, this is fundamentally bad news. Rates that remain high, or that could rise further if economic data justifies it — that weighs heavily. Upcoming employment and inflation figures in the United States will be closely watched. Robust employment or persistent inflation would strengthen the case for maintaining pressure on rates. And the crypto market doesn’t want to hear that.
It’s still unclear what these data will show.
Institutional and individual investors are adapting their strategies in response to all this. In a period of legislative waiting, the trend is to avoid assets too exposed to U.S. regulation. Preventive withdrawal. Selective arbitrage. Capital goes where regulatory risk seems more manageable — or where fundamentals are strong enough to justify exposure despite the uncertainty.
The market awaits September 14 and the resumption of parliamentary sessions. It also awaits U.S. economic data. And it waits to see if the Fed will eventually move. Three major unknowns, all in the coming weeks. Traders prefer to stay on the sidelines rather than bet blindly.
$626 million in three days into Bitcoin ETFs, and yet the price doesn’t move. That says it all about the state of the market right now.
Hub: Bitcoin: Price, News, and Analysis
Frequently Asked Questions
When could the vote on the Clarity Act take place?
The U.S. Congress did not vote before the summer recess. The parliamentary session is set to resume on September 14, from which date the vote could be held.
Why isn’t Bitcoin rising despite inflows into ETFs?
Between August 3 and August 5, Bitcoin ETFs received $626 million, but legislative uncertainty and the Fed’s policy maintain resistance between $66,000 and $66,600 that Bitcoin cannot break through.
Which tokens are currently performing better than others?
BNB shows a slight increase of 1% over the week, and HYPE, the token of Hyperliquid, is up 1.3% over seven days, unlike XRP, Solana, and Dogecoin, which are all down.
