The cryptocurrency market is consolidating this week, with Bitcoin trading above $64,400 and Ethereum holding over $1,900. But a broader risk-off mood is capping gains as the Senate prepares for a pivotal vote on the CLARITY Act. XRP, meanwhile, continues to face selling pressure around $1.05.
XRP sellers remain active
XRP's price has been stuck near $1.05, and the selling pressure isn't letting up. The token has struggled to find a foothold as traders weigh the broader regulatory uncertainty. It's not a crash — just persistent downward pressure that keeps any rally attempts short-lived.
CLARITY Act vote weighs on sentiment
The CLARITY Act has reached a crucial Senate vote, and that's the main reason risk appetite is held back across markets. Investors are waiting to see how the legislation shakes out before making big moves. The vote itself could come any day now, and the outcome is far from certain.
Bitcoin, Ethereum hold key levels
Bitcoin above $64,400 and Ethereum above $1,900 — both are holding what traders consider important support zones. The consolidation pattern suggests the market is catching its breath. But with the Senate vote looming, nobody's calling a breakout just yet.
The next concrete event is the Senate vote on the CLARITY Act. Until that passes, expect more of the same: tight ranges, cautious traders, and a market that's waiting for a signal.
