Bitcoin rose sharply Tuesday, buoyed by reports that the White House has agreed on ethics-package language tied to the Clarity Act. Prediction market Polymarket now puts the odds of Bitcoin trading above $56,000 by Wednesday at 99.95% — a near-certainty that reflects the market's conviction that the legislative breakthrough will hold.
Clarity Act momentum
The price move came after sources familiar with the negotiations said the White House had signed off on the ethics-package wording that had been holding up the Clarity Act. The bill, which aims to establish a federal regulatory framework for digital assets, has been stalled for weeks over those provisions. A deal now clears the way for a vote, likely within days.
ETF demand keeps flowing
Spot Bitcoin ETF inflows have been a steady tailwind all month. Tuesday's data showed another round of net positive flows, with institutional buyers continuing to add exposure ahead of the expected regulatory clarity. The combination of legislative progress and ETF demand has tightened the supply picture, pushing prices higher.
Options market thins
Higher strike call options are thinning out, according to market participants. That means less overhead resistance from large option positions — a technical factor that could let the rally run further if the buying pressure holds. With the Clarity Act vote imminent and ETF flows strong, the path of least resistance appears to be up.
The next concrete milestone is the House vote on the Clarity Act, which could come as early as this week. If the ethics-package deal holds, the bill has a real shot at passage. For now, traders are watching the $56,000 level — and Polymarket is pricing in almost zero chance of a miss.
