Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Bitcoin’s rally gathered pace as optimism over US crypto regulation and expectations of capital rotating out of cooling AI stocks lifted digital assets. Elsewhere, UK lawmakers launched an inquiry into banking barriers facing crypto firms, while White House crypto adviser Patrick Witt postponed military training to help steer the CLARITY Act through the Senate ahead of the August recess
Bitcoin briefly climbed back above $67,000 on Tuesday as optimism over US crypto regulation and expectations that cooling AI stocks could drive capital rotation into cryptocurrencies fueled a broad market recovery.
Investors were encouraged after US Treasury Secretary Scott Bessent indicated Congress is close to passing the CLARITY Act, legislation that would establish clearer oversight for the crypto industry. The prospect of a more defined regulatory framework helped lift Bitcoin and Ether while sending crypto-related stocks sharply higher, with exchanges and Bitcoin mining companies among the strongest performers.
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