Increasing network activity is often said to support valuations for the network’s native coin, bitcoin . So far, the token has neither rallied nor dropped significantly and remains boxed in the recent range of $62,000–$65,000.
Analysts continue to point to the fate of the Clarity Act as the immediate catalyst while citing longer-duration government bond yields as a more macro and longer-lasting one.
“CLARITY is still the immediate policy binary. The Senate has a three-day window before its August 10 recess, while the implied probability of passage by year end has fallen to 23% from around 75% in mid-May. A push to attach prediction-market restrictions adds another process risk,” analysts at Marex said.
Meanwhile,…
