Bitcoin shrugs off CLARITY Act delay by rallying a
Bitcoin shrugs off CLARITY Act delay by rallying above $93K
9 hours ago
Bitcoin made new weekly highs above $93,000 despite a delay in the CLARITY Act legislation by US lawmakers. Can BTC hold its gains without a surge in ETF flows and retail investor demand?
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Bitcoin’s (BTC) price made a new weekly high of $93,500 on Jan. 13 as lawmakers pushed back deliberations on the long-awaited CLARITY Act, a bill designed to define crypto market structure in the United States.
Key takeaways:
Bitcoin continues to rally despite the CLARITY Act markup being pushed to late January.
Exchange netflows stayed low, and the SOPR hovered near 1, signaling minimal profit-taking.
Retail demand for BTC remains low during this recovery rally, as liquidity remains considerably thin.
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