Bitcoin Price Edges Near $64K as White House Grows Bullish on CLARITY Act
The Bitcoin price has been trading near $64,260 on Wednesday as markets prepare for two United States policy events. The BTC price bounced off the support level of $62,800, with the resistance level between $64,400 and $65,000 holding gains back.
The Federal Reserve's minutes will impact interest rate expectations, while a White House meeting could affect America's evolving crypto policy. The Fed minutes cover the July meeting and may reveal policymakers' views on inflation and interest rates.
Patrick Witt, White House crypto adviser, expressed optimism about the CLARITY Act during Tuesday's SALT conference in Wyoming. He remains 'optimistic and bullish' about the bill, which has languished over matters such as stablecoin rewards and conditions that impact cryptocurrency businesses.