Bitcoin Hits $79,000 as Ethereum, XRP, Dogecoin Rally on CLARITY Act Speculation

Bitcoin reclaimed $78,000 after three days as the prediction market odds of the CLARITY Act becoming law spiked ahead of Tuesday’s key vote.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$79,069
Ethereum	(CRYPTO: ETH)	$2,540
Solana	(CRYPTO: SOL)	$103.09
XRP	(CRYPTO: XRP)	$1.44
Dogecoin	(CRYPTO: DOGE)	$0.08484
Shiba Inu	(CRYPTO: SHIB)	$0.055333

Notable Statistics:

• Coinglass data shows 80,121 traders were liquidated in the past 24 hours for $228.09 million.       
• SoSoValue data shows net outflows of $13.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $216.4 million.
• In the past 24 hours, top gainers include Stellar, Lighter and NEAR Protocol.

Notable Developments:

• Bitcoin, Ethereum, Dogecoin ‘Is All You Need for Life-Changing Gains,’ Analyst Says
• Bitmine Buys 27,180 ETH, Tom Lee Predicts Large Move Ahead
• XRP Jumps 4% to $1.40: What Is Going On?
• Strategy Skips Bitcoin Purchases Again: What’s Going On?
• Bitcoin Stuck at $78,000 as CLARITY Act Vote, FOMC Meeting Loom as Catalysts
• CLARITY Act Failure Would Be ‘The Worst Outcome,’ Bernstein Says
• EXCLUSIVE: CLARITY Act ‘Can Get There,’ Tim Ryan Says: Do Prediction Markets Agree?

Trader Notes:

Altcoin Sherpa said Bitcoin continues to bounce near $76,000 but struggles around $80,000-$81,000, with macro events likely to drive volatility this week.

Michael van de Poppe sees bullish continuation as long as $78,000 holds, targeting a move toward $81,000.

Exitpump pointed to TWAP buying and persistent passive bids in spot markets, calling the underlying demand strong and warning against fading the move.

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