Bitcoin, Crypto Stocks Fall
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Bitcoin fell 3.8% to $75,748 after Senate rejected Clarity Act 49-50. Spot ETFs saw $450M outflows, largest since June, led by Fidelity and BlackRock.
Six straight weeks of institutional money flooding into Bitcoin ETFs pushed BTC up 24% in a month, but something just broke the streak and now the entire rally hangs on a single data point yet to print.
Senate blocks the CLARITY Act, causing Bitcoin to drop over 5%. CLARITY Act signed into law by 2026 at 5.3% YES.
Is it too late to buy Bitcoin near $75,900? See the key $81,000, $80,000 and $74,000 levels, ETF flows and Fed risks shaping BTC's next move.
J.P. Morgan double-downgrades Mara Holdings stock to Underweight from Overweight, citing concerns around its pivot to data centers from Bitcoin.
AI CEOs want the industry to pump the brakes on capability gains. Nvidia, Intel, and AMD didn't like the sound of that. Bitcoin didn't seem to mind.
Earlier this month, Druckenmiller, whose views of the Fed and U.S. monetary policy have become closely scrutinized due to his close ties with Warsh and Bessent, put his name to a scathing Wall Street Journal op-ed, slamming his former protégé for attempting to manipulate and lower long-term bond yields.
The cryptocurrency has struggled to hold above $80,000 since its mid-August surge. Analysts say progress this week on the Clarity Act and a Fed rate hold could provide boosts.