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Bitcoin Holds Firm Above $64,000 as Investors Await CLARITY Act Decision

Guavy AI Editorial Team
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Bitcoin has maintained its position above $64,000 as investors await the decision on the CLARITY Act before Congress breaks for its August recess.

The recent developments saw Coinglass data show 95,106 traders were liquidated in the past 24 hours, resulting in a loss of $226.24 million.

SoSoValue data revealed net inflows of $244.4 million from spot Bitcoin ETFs on Wednesday and $60.86 million from Ethereum ETFs.

Ted Pillows predicts that Bitcoin's weekly close will determine its next major move, with a possible rally towards $74,000 if it closes above $65,000 or a decline to $50,000 if it closes below $60,000.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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