Bitcoin Support Levels to Watch: Analyst Lark Davis Highlights $73K and $67K Zones Amid Regulatory Uncertainty Cryptocurrency investor and analyst Lark Davis has outlined key technical support levels for Bitcoin should the asset face further downside pressure. In an assessment shared via X, Davis identified the 200-day exponential moving average (EMA) near $73,000 as the ...
SEC Chairman Paul Atkins expressed gratitude to stakeholders across the administration, Congress, investors, and innovators who have advanced the CLARITY Act, while confirming the agency will proceed with regulatory action regardless of the legislation’s fate. “I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty ...
The Senate failed to advance the CLARITY Act in a closely watched vote yesterday, prompting an immediate shift in industry focus toward regulatory action by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). With comprehensive market-structure legislation stalled, attention is turning to what the agencies can achieve under existing authority. ...
The U.S. House Financial Services Committee advanced the American Reserve Modernization Act of 2026 (H.R. 8957) on September 16, marking a procedural milestone for the proposed Strategic Bitcoin Reserve. The legislation passed on a 28-21 party-line vote, with Republicans comprising the majority. Despite the committee approval, prediction markets now assign a 6% probability the bill ...
The U.S. Senate failed to advance the CLARITY Act on September 15, with a 49–50 procedural vote falling short of the 60-vote threshold required to move the legislation to formal floor debate. The outcome stalls a bill that previously passed the House of Representatives in July 2025 by a 294–134 margin. Senate Deadlock Halts Legislative ...
Bitcoin Analyst Predicts $90K by November Amid Bearish Sentiment Trader Matthew Hyland argues that Bitcoin is currently sitting at a daily cycle low with a bullish divergence forming on the charts, forecasting prices above $90,000 by early November. His call comes while BTC trades near $76,000, down sharply after the Senate failed to advance the ...
Crypto Trading Volume Faces Durability Test After August Surge Cryptocurrency trading volume returned sharply in August, but September is testing whether that heightened activity can hold without another broad price rally. Spot and perpetual markets expanded as Bitcoin and major tokens gained roughly 25% during the broader rebound tracked by CryptoQuant. The latest pullback now ...
Fed Expected to Raise Rates by 25 Basis Points Crypto markets are already under pressure ahead of today’s Federal Open Market Committee (FOMC) meeting, with Bitcoin trading below $75,000. The Fed is widely expected to raise rates by 25 basis points, a move that is largely priced in. Traders are now focused on Chair Kevin ...
Bitcoin Coinbase Premium Slumps to Four-Week Low as U.S. Demand Weakens Bitcoin’s Coinbase premium has dropped to its lowest level in four weeks, signaling fading U.S. buying pressure as traders digest a legislative setback for the crypto industry and brace for tighter monetary policy. Coinbase Premium Turns Negative The premium measures the price gap between ...
Crypto traders holding long, or bullish, futures positions suffered significant losses over the past 24 hours following the failure of the Clarity Act in a Senate procedural vote. Liquidation Data Reveals Heavy Long-Side Damage Exchanges liquidated approximately $571 million in long positions during this period, marking the highest total since August 22, according to data ...
XRP led a broad cryptocurrency sell-off Wednesday morning, plunging nearly 10% to $1.30 during Asian trading hours after the U.S. Senate failed to advance the Clarity Act, according to CoinDesk data. Major Tokens Slide Across the Board Ether followed with a decline of nearly 5% to approximately $2,410. Solana dropped 5% to just above $97, ...
Novogratz Slams Congress Over Clarity Act Failure Prominent crypto investor Mike Novogratz has sharply criticized Congress for failing to advance the Clarity Act, legislation designed to establish a regulatory framework for digital assets in the United States. In a recent social media post, Novogratz detailed how 18 months of bipartisan negotiations collapsed, leaving the industry ...