As of early evening on July 9, Bitcoin (BTC +1.79%) rose 1.6% to $63,207.34, Ethereum (ETH +0.55%) rose 0.5% to $1,746.37, and Solana (SOL +1.09%) rose 0.9% to $78.04.

What’s driving crypto markets

Bitcoin held near $63,000 today despite heightened tensions in the Middle East. Yesterday’s risk-off sentiment waned, with the tech-heavy Nasdaq Composite (^IXIC +1.30%) gaining 1.3% as traders appeared to look past the geopolitical concerns. Reports that the crypto Clarity Act draft could arrive as soon as next week and reach a Senate vote later this month also supported cryptocurrency prices, though the legislation still faces some significant hurdles.

Crypto ETF snapshot

June’s multi-billion dollar withdrawals from spot Bitcoin ETFs has…