Bitcoin Holds Ground Near $64K Amid Delayed Senate Vote

Bitcoin's price remains range-bound between $62,000 and $65,000 as it trades near $64,206 on August 7. The steady inflows into U.S. spot Bitcoin ETFs, totaling $763.6 million over four days, are supporting the price.

The Senate has delayed voting on the CLARITY Act, a key crypto regulatory bill, until September, removing an expected catalyst for August. This delay may impact market direction in the coming weeks.

Upcoming U.S. employment and inflation data will be crucial for market direction as Bitcoin's derivatives leverage is gradually rebuilding but still below peak levels from late 2025.