Sentiment Around Clarity Act Pressures Bitcoin and Crypto -- Market Talk
Dow Jones2026/07/24 15:391139 ET - Cryptocurrency investors were increasingly optimistic this week about the passage of the Clarity Act, which supported prices for bitcoin and other cryptocurrencies. But that support has faded as the odds for the passage of the Clarity Act have decreased, says Alex Schmidt of CoinShares in a note. "This week demonstrated, in both directions, that the market is… trading the headline," says Schmidt. Decreasing the expectations around the passage of the bill is opposition from Senate Democrats over ethical concerns. Bitcoin is down 1.7% to just above $64,000, according to data from LSEG. Ethereum falls 1.2% to $1,862, XRP is down 1.8% to $1.09, and solana is down 2.8% to $73.94. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
July 24, 2026 11:39 ET (15:39 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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