Bitcoin News

Story: Bitcoin Stagnates at $64,000 as Clarity Act Stalls in Congress

By Sakamoto Nashi

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Bitcoin ETFs Attract Inflows, But It's Not Enough. Between August 3 and August 5, Bitcoin ETFs attracted $626 million. That's significant.

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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.

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The Fed Further Complicates Matters. The Federal Reserve isn't helping. At its July meeting, the Fed maintained rates between 3.

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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.

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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…

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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…

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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.

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In short: the money is coming in, but it remains cautious.

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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.

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BNB stands out as an exception — a slight increase of 1% over the week, nothing spectacular, but at least in the green.

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Related Reading: Crypto Whales Accumulate $1 Billion in Bitcoin, Ethereum, and XRP

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XRP, in particular, remains especially exposed. Historically sensitive to regulatory announcements from Washington, Ripple's token suffers every time the legislative fog thickens.

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More context: Crypto Whales Add 190,000 Bitcoin Since December as Bear Market Bottom Signals Stack Up

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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.

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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.

The Currency Analytics

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