Trump's Iran Pause Ignites Crypto Rally Amid Clarity Act Uncertainty
President Trump's pause on strikes against Iran has boosted risk appetite in crypto markets, leading to a rally in Ethereum (ETH) and Hyperliquid (HYPE), with both assets outperforming Bitcoin (BTC).
Ethereum's price rose by 4% over the past 24 hours, while HYPE climbed over 3%, as traders turned their focus to Washington, where the CLARITY Act could become a major catalyst for digital assets this week.
Analyst TedPillow pointed out that any progress on the Digital Market Asset Clarity Act could push Bitcoin toward $68,000, with the ETH/BTC ratio breaking out on the three-day chart.
The rally also came ahead of a make-or-break week for digital asset regulation, with more Democrats trending towards a 'yes' vote on the bill, bringing it closer to the 60-vote threshold needed to pass.