Bitcoin price traded near $64,000 today after losing roughly 2% during the past 24 hours.
The crypto market is down -1.37% to $2.19T in 24h, primarily driven by institutional selling pressure on Bitcoin.
The fall put Bitcoin in critical support at $60,000 and resistance near $70,000. The current market value hovered around $1.28 trillion.
Institutional flows, regulatory moves, and geopolitical risks are the next big determinants of the next big price direction that investors are following.
CLARITY Act Decision Expected September 15
The United States Senate could consider a procedural motion involving the CLARITY Act on September 15.
The cloture motion was filed by Senate majority leader John Thune, who postponed further action until September after lawmakers voted no more until then.
The bill needs approximately 60 votes to pass. Instead of passing the legislation at once, it would initiate discussion.
The bill aims to bring about more transparent regulation of cryptocurrencies and stipulates roles between federal regulators.
Nevertheless, the legislators are still torn between ethical provisions, decentralized finance protections and banking issues.
The advancement of September 15 might increase the trust of investors and cryptocurrency business leaders. A subsequent delay might widen uncertainty in the market.
Michael Saylor’s Strategy Sells More Bitcoin
Michael Saylor’s Strategy sold 1,690 Bitcoin last week for approximately $109 million.
The deal was the fourth week of Bitcoin sales by the company. In the same period, strategy sold 6,916 Bitcoin worth 429.4 million.
STRATEGY SOLD $108M BTC – HOLDS $4.65B CASH
Saylor’s Strategy sold 1,690 BTC and $653M in MSTR stock, using the proceeds of the BTC sales to repurchase $STRC.
Our team reviewed Saylor’s recent sells & their consequences. Article below: pic.twitter.com/GLG8aFztJn
— Arkham (@arkham) August 10, 2026
Some of the most recent proceeds was used to purchase preferred shares. Common-stock sales also helped the company to increase its cash reserves.
