Crypto
Bitcoin Stabilizes Above $63,000 as Equity Gains Offset Crypto Caution
Bitcoin's price has stabilized above $63,000 at the start of the week as it tracks gains in U.S. equity futures.
The largest cryptocurrency rose 0.77% since midnight UTC, mirroring a 0.5% gain in Nasdaq 100 index futures to their highest level since July 2.
However, investor sentiment remains cautious due to the largest weekly withdrawal from U.S. spot bitcoin ETFs in six weeks, totaling $390 million last week.
The Clarity Act's prospects of becoming law by 2026 have fallen to 10% from 75%, according to Galaxy Digital head of research Alex Thorn, who cut his odds on August 14.