Galaxy Research Director Alex Thorn estimates just a 10% probability the CLARITY Act passes by year-end. With crypto regulation stalled and the SEC canceling votes on startup rules, institutional capital remains cautious.
Ethereum is trading at $1,884.69 after struggling to reclaim $1,900 resistance. XRP is fighting to hold the psychologically important $1 level amid broader uncertainty over which agency will regulate what.
Bitcoin ETFs reported $390 million in weekly outflows. This pattern—back-to-back outflows for the first time since January 2024—suggests institutional enthusiasm has cooled sharply amid regulatory headwinds.
If consolidation breaks lower, Bitcoin traders are watching $59,000 and $57,000 as major support zones. A breakdown would signal liquidation momentum could accelerate. Currently, the bias remains sideways.
Bitcoin needs either a positive regulatory development (unlikely before Q4), a Fed rate-cut surprise, or an external market shock to create conviction in traders. Thin volume suggests none of these are priced in yet.
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