Open account

Bitcoin Crosses $65,000 As Ethereum, XRP, Dogecoin Rally After CLARITY Act Advances To Senate Floor

Bitcoin rose above $65,000 after Senator Cynthia Lummis said the CLARITY Act cleared committee and advanced to the full Senate floor, boosting optimism that U.S. crypto market structure legislation is progressing. The move also lifted broader crypto sentiment, with Ethereum, XRP, Dogecoin and Solana trading higher alongside Bitcoin. The article frames the legislative development as a potential long-term catalyst for crypto regulation and exchange-traded products, though traders noted Bitcoin still needs to confirm resistance and hold recent highs to sustain momentum. ETF inflows also supported the tone, with spot Bitcoin ETFs recording $132.3 million in net inflows on Friday. Overall, the news is bullish for crypto markets due to improving regulatory clarity, but near-term upside may depend on technical confirmation and follow-through on the Senate process.

Category

Bitcoin

Sentiment

Bullish

Event

Policy statement

Reading time

1 min