Treasury Talks Spark Fresh Buying Interest in BTC Amid Clarity Act Bill Status

The U.S. Treasury and Commerce Department have engaged in talks with Coinbase CEO Brian Armstrong regarding the advancement of the Strategic Bitcoin Reserve, according to a recent development.

This news has sparked fresh buying interest in Bitcoin, as traders who had already priced in the failure of the Clarity Act cryptocurrency regulation bill status were caught off guard.

The price action shows that BTC is holding above the 50-EMA support at $78,116.32, with a neutral RSI reading of 62.96 and MACD death cross warning of near-term consolidation before any test of upper Bollinger resistance at $83,522.75.