Bitcoin Price Prediction: Bessent Says CLARITY Act At The One-Yard Line as BTC Eyes a Break Above $67,000

Treasury Secretary Bessent urged Congress to pass the CLARITY Act before recess, sending BTC above $67,000 and Coinbase up 12.6%Six consecutive days of spot ETF inflows totaled $930.39M with July 21s $203.14M the strongest single session of the streakAnalyst Ali Charts flagged $69,340 as the Short-Term Holder Realized Price where every rally since November has been rejected  Bitcoin trades at $65,937 on July 22, pulling back after Treasury Secretary Scott Bessent called the CLARITY Act a one-yard line situation and sent BTC above $67,000 and Coinbase up 12.6% in a single session. Six straight days of ETF inflows and a monthly chart signal that preceded the 2019 and 2022 bottoms are keeping bulls firmly in control of the narrative.  BTC Price Today: Pressing Against Resistance That Has Capped Every Rally Since June  BTC 1D Price Action (Source: TradingView)  Bitcoin at $65,937 is sitting immediately below a horizontal resistance band between $66,000 and $67,000 that has rejected every breakout attempt since the June breakdown. An ascending trendline from the late June low near $57,500 has guided the recovery, with price riding its upper boundary into this resistance zone. The Parabolic SAR at $62,694 remains bullish below price, keeping the short-term trend intact.  Related: Stellar (XLM) Price

07-22انڈسٹری

Profit-taking, oil spike knock bitcoin (BTC) price off its best levels in a month: Crypto Markets Today

The crypto market edged lower on Wednesday, with bitcoin BTC  $66,001.09 falling about 0.9% since midnight UTC to $65,900 and ether (ETH) shedding 0.5% to $1,920.  The pullback came after the largest cryptocurrency rose to its highest point in more than a month on Tuesday, with a degree of profit-taking always a likely outcome.  One major macroeonomic influence was the surge in the WTI crude price. The U.S. oil benchmark topped $85 per barrel for the first time since June 12 as the Iran conflict escalated, reviving the inflation concerns that have weighed on risk assets for much of the year.  Nasdaq 100 and S&P 500 index futures both fell while gold climbed 0.95% to $4,118 and silver gained 1.2% as investors flocked to haven assets.  The demand for safety was visible in crypto assets too, with bitcoins dominance climbing to 59% as capital retreated from altcoins and stablecoins into the relative safety of the largest token.  Derivatives positioningMarket activity slows down:Trading volume over the past 24 hours dropped 12% to $150 billion, while open interest (OI) remained static around $116 billion. With just $165 million in liquidations, the market appears to be taking a breather.Long/short ratio tightens: The 24-hour long/short ratio stands at 50.59/49.41, a

07-22انڈسٹری

New Zealand Dollar weakens as global risk aversion overshadows hawkish RBNZ outlook

NZD/USD extends its losing streak for the fifth successive day, trading around 0.5810 during the European hours on Wednesday. However, the New Zealand Dollar (NZD) could find support as hot inflation figures have reinforced market expectations that the Reserve Bank of New Zealand (RBNZ) will deliver another interest rate hike in September.  New Zealand‘s annual inflation accelerated to 4.1% in Q2, up from 3.1% in Q1, topping both market expectations of 4.0% and the central bank’s forecast of 3.9%. Reaching its highest level since Q4 2023, inflation remains well above the RBNZs 1–3% target range.  The hot reading reinforces recent warnings from RBNZ Chief Economist Paul Conway regarding sticky inflation, boosting expectations for further policy tightening following the central banks July 8 rate hike, its first in three years.  The NZD/USD pair remains subdued as the US Dollar (USD) may regain its ground amid growing risk aversion tied to escalating geopolitical tensions between the United States and Iran.  CME FedWatch Tool indicates that markets are currently pricing in over 69% odds of at least a 25 basis-point rate hike at the upcoming September meeting. However, the Fed is widely expected to leave the federal funds rate unchanged. Despite this anticipated pause, expectations for tighter

07-22انڈسٹری

DOGE Holds Key to Crypto Surge, Analyst Says

Beyond BitcoinDogecoin’s longest streak below the 20-day moving average  Market analyst Jordi Visser believes the next major cryptocurrency rally may depend on the return of a familiar force: retail investor enthusiasm.  Visser argues that the market is still missing the speculative energy that typically drives the final stages of major bull cycles.  In his view, Dogecoin (DOGE) is one of the clearest indicators of whether retail investors are returning.  XRP, Cardano (ADA), Stellar (XLM) and Bitcoin (BTC) Price Analysis for July 22: Bulls Are Waking Up  Telegrams Durov Teases Largest Non-Custodial Crypto Wallet Launch  “The crypto advance continues with my 40 name ecosystem index closing above the mid-June highs and BTC just below,” Visser wrote.  “I am still looking for a true ecosystem breakout to need the energy from retail best seen from DOGE which had a record 65th close below the 20 day moving average.”  Vissers thesis is not that Dogecoin directly controls the direction of Bitcoin or the entire crypto market.  Beyond Bitcoin  Vissers argument centers around his Crypto Financial Rails 40 Equal Weight Index, which is a basket that tracks the performance of the crypto ecosystem.  The index includes 40 crypto-related companies, protocols, and assets.  According to the performance chart shared by Visser, the Crypto Financial Rails 40 has

07-22انڈسٹری

Crypto Market Outlook: Russia Passes Crypto Law, CLARITY Act Lags

Key Insights:Russias State Duma approves rules for exchanges, custody, investors, and foreign trade settlements, reshaping the crypto market.Non-qualified investors face annual limits as regulated institutions gain a formal framework.US regulatory delays may divert some crypto investment toward clearer overseas markets.  Russia has moved closer to establishing its first comprehensive framework for the crypto market. The State Duma approved the digital currency bill during its second and third readings on July 21.  The vote comes as the United States continues negotiating the CLARITY Act. The US bill seeks to define oversight responsibilities between the SEC and CFTC, but it has not cleared the Senate.  Russia Crypto Law Reshapes the Crypto Market  The Russian crypto law establishes rules for exchanges, brokers, digital depositories, asset managers, and other intermediaries. Companies offering exchange services must eventually join a special regulatory registry.  Russia Crypto Law Announcement| Source: TASS  Existing operators receive a transition period until July 1, 2027. Most provisions are expected to take effect on September 1, 2026, subject to further legislative approval and the presidents signature.  The framework also gives the Bank of Russia a central supervisory role. The regulator will oversee eligible market participants and determine how approved digital assets reach investors.  This could move the crypto market away from

07-22انڈسٹری

CLARITY Act Buzz Heats Up As Prediction Markets Shift

Crypto prices drifted sideways on Tuesday, yet Washington chatter reached a boiling point. Social conversation around the CLARITY Act exploded, and prediction market contracts shifted meaningfully, according to the latest Santiment intelligence. Traders who had been pricing the bill as a long shot are now facing a different probability distribution, and that is forcing a rapid re-evaluation of institutional positioning.  The new odds are feeding a narrative that keeps popping up in market channels: if the bill passes, trillions of dollars in institutional capital could flow into digital assets. Bulls have seized on the idea that a clear U.S. regulatory framework would unlock pension funds, endowments, and sovereign wealth pools that have been waiting on the sidelines. Yet prediction markets aren‘t handing out certainties—they are simply updating priors. The shift is real, but it doesn’t mean the bill is inevitable. It means the market is repricing the fat tail.  Why the Bill Could Still Stall  Ethics fights are the most immediate threat. Behind the headline momentum, unresolved provisions around lawmaker trading rules and disclosure requirements have created a pocket of resistance that could slow committee timelines. Even if the macro support holds, a single ethics dispute that drags out markups can push a

07-22انڈسٹری

BTC trades near $66K as a break above the 50-Day EMA strengthens bullish momentum

Key takeawaysBitcoin (BTC) trades around $66,300, extending gains after reclaiming the 50-day EMA.The leading cryptocurrency remains below the 100-day and 200-day EMAs, leaving key resistance levels intact.Technical indicators, including the RSI and MACD, point to strengthening bullish momentum.  Bitcoin (BTC) remained firm around $65,800 on Wednesday, extending this weeks rally as the broader cryptocurrency market continued its recovery.  The worlds largest cryptocurrency strengthened its short-term outlook after closing above the 50-day Exponential Moving Average (EMA), a technical development that suggests buyers are gradually regaining control.  However, Bitcoin still faces significant resistance from longer-term moving averages that must be cleared before a stronger bullish trend can emerge.  Bitcoin reclaims key technical support  Bitcoins recent move above the 50-day EMA at $65,150 marks an important improvement in market structure after weeks of corrective trading.  While the breakout has strengthened short-term momentum, BTC continues to trade below the 100-day EMA at $68,082 and the 200-day EMA at $73,982, indicating that the broader recovery remains incomplete.  As long as Bitcoin holds above the 50-day EMA, buyers maintain a near-term advantage. However, reclaiming the higher moving averages will be essential to confirm a sustained bullish trend.  Technical indicators continue to support the improving market outlook. The Relative Strength Index (RSI) has climbed to

07-22انڈسٹری

Hungarian Forint: Dovish tilt keeps easing alive – Commerzbank

Commerzbank‘s Tatha Ghose reports that Hungary’s central bank Magyar Nemzeti Bank (MNB) cut its base rate to 5.75%, in line with expectations, and maintained its summer easing narrative. Despite recent Forint correction, the bank still sees room for further cuts while preserving positive real rates, with a reassessment in September. Communication was mildly dovish, though HUF continues to outperform peers like the Polish Zloty.  Mini easing cycle continues  “Hungarys National Bank (MNB) cut its base rate by 25bp to 5.75% yesterday, as had been unanimously expected by analysts. The decision itself did not carry surprise. MNB had already restarted its easing cycle in June, and the subsequent guidance had signalled room for further cuts during the summer months if favourable inflation and financial-market developments persisted.”  “The more interesting message was that MNB did not use the recent correction in the forint as reason to back away from the mini easing cycle. The post-meeting statement noted that inflation developments had been more favourable than the June baseline, while the lower risk premium on domestic assets had persisted (we could argue the opposite – because HUF weakened sharply when the Iran war re-started – but, MNBs view appears more reasonable).”  “Looking ahead, MNB sees room to

07-22انڈسٹری

SpaceX IPO banks yell ‘buy’ as stock craters

Wall Street analysts are trying to rescue Elon Musks floundering IPO, SpaceX after the stock erased $1.1 trillion of market capitalization in five weeks.  Almost every Wall Street analyst has a price target (PT) higher than the stock price, with reiterations and upgraded forecasts arriving by the day, and all 12 IPO underwriters whose analysts have published research on SPCX rated it a “buy” or equivalent.  Bullish analyst ratings have showered Musk‘s company with weeks of praise as the stock price has crashed. Yesterday, Macquariereiterated its “outperform” rating with a PT 100% higher than SPCX’s closing price.  Last week, Piper Sandlerinitiated coverage with a $156 PT, $32 higher than yesterdays close. The same week, Needhammaintained its buy rating and increased its PT 25% to $250, Evercore ISI Groupinitiated at outperform with a $230 PT, and Zephirin Groupinitiated coverage at buy with a $310 PT.  The tone around these ratings has been one-sided for weeks. Ratings by the investment banks that actually helped sell the stock during the IPO have sustained a sound wall shouting nothing but buy.  Raymond James initiated coverage at “strong buy” and an $800 PT. Eight hundred dollars.  The stock closed yesterday below $125, down 45% from its June 16 high.  SpaceX stock has

07-22انڈسٹری

Bitcoin miners cut OTC holdings 72% – Assessing BTCs next move

Bitcoins miner-linked over-the-counter [OTC] balances continue shrinking. That means – fewer coins remain available for large private transactions.  Since November 2021, holdings have dropped from 500,000 $BTC to 139,700 $BTC, a decline of nearly 72%. Miners drew down their inventory over time without meaningfully rebuilding it after the 2024 halving.  Source: CryptoQuant  As a result, OTC supply tightened while miner-to-exchange flows declined. Naturally, it suggested lower visible selling pressure on Bitcoin.  Meanwhile, Bitcoin‘s [$BTC] price has advanced despite declining OTC inventories, highlighting stronger demand against a shrinking pool of available supply. Yet, if institutions and whales continue accumulating under these conditions, tighter liquidity could amplify Bitcoin’s upside sensitivity in the coming quarters.  Bitcoin supply tightens beyond miner OTC desks  The tightening supply picture extends beyond miner-linked OTC desks and is now visible across centralized exchanges.  On the 20th of July, Bitcoin recorded $686 million in Exchange Netflows. By the way, Binance led with $570 million in net outflows, marking its largest withdrawal since April.  Source: CryptoQuant  Furthermore, Bybit contributed $65 million, Coinbase another $48 million, and HTX nearly $3 million.  Ultimately, it meant there were coordinated withdrawals rather than isolated activity. As more $BTC leaves exchange wallets, the pool of coins readily available for spot-market selling continues to shrink.  This trend

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