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Bitcoin held above the $66,000 mark on Wednesday as crypto market sentiment remained in the neutral zone and spot ETF inflows turned positive.
Senate Republicans unveiled an updated CLARITY Act draft featuring a ban on senior U.S. officials, including President Donald Trump, from sponsoring crypto for compensation until January 2029.
Notable Statistics:
- Coinglass data shows 63,900 traders were liquidated in the past 24 hours for $161.26 million.
- SoSoValue data shows net inflows of $203.1 million from spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $37.5 million.
- In the past 24 hours, top losers include DeXe, Stable and Midnight.
Notable Developments:
- Bitcoin, XRP Snubbed As S&P Unveils Revenue-Focused Crypto Index
- Bitcoin Bear Market Over? Not Quite. Analyst Says $83,000 Is The Real Test
- Bitcoin Fell 50% and MSTR, BMNR, BSTR Are Paying the Price: What’s Happening?
- Bitcoin Long-Term Holders Hit Record Supply as ETFs Add $203M: What’s Going On?
- Pavel Durov Announces ‘Largest Rollout’ of Non-Custodial Crypto Wallets for Over 1 Billion Telegram Users—GRAM Token Lifts 7%
- XRP Whale Inflows to Binance Drop to $23M: Can the Triangle Breakout Hold?
Trader Notes:
Crypto chart analyst Ali Martinez highlighted $70,920 as Bitcoin’s key resistance level, based on the MVRV Pricing Bands. He said this level could trigger selling pressure as it aligns with the aggregate investor cost basis.
A sustained close above $70,920 would be needed to absorb overhead supply and confirm the continuation of Bitcoin’s rebound.
Trader KillaXBT believes Bitcoin has already formed its cycle bottom. He expects a liquidity sweep above the current range highs, followed by a false breakout and a drop below $62,000 to establish a higher low.
The anticipated correction is expected to be driven by weakness in traditional financial markets rather than crypto-specific factors.
Grayscale highlighted that, "The CLARITY Act can do for the industry what crypto ETFs did: unlock the next wave of adoption."
Photo: Sebastian Duda on Shutterstock.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This article Bitcoin, Ethereum, XRP, Dogecoin Hold Ground as CLARITY Act Seen Unlocking the 'Next Wave of Adoption' originally appeared on Benzinga.com.
