Live updates: BTC above $65,000 even as the Senate punts the CLARITY Act to the fall
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- Bitcoin held near $65,200 on Monday, up 3.7% on the week per CoinDesk data, recovering from an early-August low near $62,000 with the rest of the crypto top tagging along.
- Ether traded near $1,925 while BNB, Solana, and TRON all posted weekly gains, signaling a broad risk-on rotation rather than a bitcoin-only move.
- The Senate mustered only 51 of the 60 votes needed to pass the CLARITY Act before its August recess, pushing any action to September 14 at the earliest.
- Strategists argued the CLARITY delay was already priced in, so the procedural failure landed as confirmation of expectations rather than a fresh negative catalyst.
- Spot bitcoin ETFs strung together consecutive days of inflows, while a softer dollar following the weak US jobs report loosened the macro backdrop that had pinned bitcoin through the summer.
- Michael Saylor posted Strategy's bitcoin-buy chart captioned "Doing business" over the weekend, days after the firm disclosed selling about 1,638 BTC to fund buybacks — markets read it as a tease of another purchase.
Why it matters: The CLARITY Act's punt to September 14 leaves crypto market-structure legislation unresolved, yet bitcoin shrugged — spot ETF inflows and a softer dollar after the weak US jobs report did the heavy lifting, not Washington. For traders, the regulatory overhang remains in place while the bid comes entirely from flows.
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