Bitcoin Targets $90K After CLARITY Act Vote
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- Michaël van de Poppe of MN Capital said that if Bitcoin continues to grind upwards and the CLARITY Act passes, a fast move to $90,000 might happen within days.
- Axel Adler Jr. reported that short‑term holder loss pressure has been zero for five consecutive days and the share of Bitcoin supply held by short‑term traders fell to 22.2%, the lowest in 90 days.
- Zord warned that Bitcoin might encounter resistance between $83,400 and $84,600 after retesting the 50% Fibonacci retracement near $78,983.
- U.S. Senate Banking Committee filed more than 100 amendments to the CLARITY Act, focusing on stablecoins, crypto developers, and ethics, and a leaked draft would bar stablecoin reward programs that function like interest.
- XWIN Japan observed that ERC‑20 stablecoin active addresses have been growing parabolically and that stablecoins remain the main conduit for money in crypto, potentially supporting longer‑term Bitcoin investment.
Why it matters: Investors gain rapid returns if Bitcoin breaks $83k, while short‑term traders see reduced profit‑taking pressure; stablecoin restrictions reshape DeFi incentives, and heightened regulatory clarity attracts institutional capital.
