Crypto Markets Face Crucial Test as CLARITY Act Vote Looms

Crypto markets are bracing for a crucial trading session on August 3, driven by regulatory developments and macroeconomic indicators.

The day's agenda includes the expected CLARITY Act vote, which could provide clarity on institutional investment in digital assets. Stronger-than-expected US manufacturing data may also influence Federal Reserve policy expectations, potentially supporting cryptocurrencies.

BTC is expected to remain within a tight range of $60,000-$68,000, with key technical levels at $62,500 and $65,500. ETH continues to display a cautiously bullish structure after confirming a double-bottom breakout, targeting the $2,100-$2,180 zone.

XRP is likely to remain in a tight trading range between $1.00 and $1.18, with buyers defending psychological support at $1.00 and sellers capping stronger rallies around $1.18-$1.20.