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Crypto

Bitcoin Stuck in Range as CLARITY Act Hopes Buoy Prices

Guavy AI Editorial Team
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BTC
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The BTC/USD pair has been stuck in a tight range over the past few days, moving from this month's low of $62,148 to $64,095. This slight rise is attributed to the rising ETF inflows and the potential for the CLARITY Act to pass before the recess.

The CLARITY Act has been gaining traction, with hopes that it will be voted on before the Senate goes into recess. This would provide clarity on the regulations surrounding Bitcoin, potentially boosting investor confidence and pushing prices higher.

In other news, spot Bitcoin ETF inflows have continued to rise, adding over $150 million in assets on Tuesday. This influx of capital has helped push prices up, but the trend remains weak, according to technical analysis.

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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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