Bitcoin consolidates near $65K amid delayed CLARITY Act vote and geopolitical uncertainty; XRP declines while Ethereum analysts forecast $3K target.
Regulation & Gov ·
Bitcoin traded near $65,000 this week, having initially retreated to a monthly low of $62,200 before recovering to roughly $64,750 as markets reacted to geopolitical developments and a delayed CLARITY Act vote. The legislation's postponement and unresolved discussions between the U.S. and Iran weighed on sentiment across digital assets.
Altcoins showed mixed movement: XRP slipped just above $1.00 amid the regulatory uncertainty, while Chainlink recorded its largest exchange outflow since June, pointing to accumulation by major holders. Meanwhile, analysts projected a potential rise for Ethereum toward $3,000.
Bitcoin's active addresses reached an 8-month high despite a recent Coldcard security incident raising broader concerns among users. The interplay between regulatory delays, geopolitical tensions, and shifting holder behavior leaves the direction of the broader recovery unclear heading into the coming weeks.