Bitcoin, Ethereum, XRP, Dogecoin Lift Amid Crypto Bill Optimism: Analyst Flags BTC's 'Biggest Test'
Major cryptocurrencies rose on Tuesday as investors digested reports that the White House agreed to an ethics package accompanying the cryptocurrency Clarity Act.
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:30 p.m. EDT) |
|---|---|---|
|
Bitcoin (CRYPTO: BTC) |
+1.41% |
$66,355.88
|
|
Ethereum (CRYPTO: ETH)
|
+1.11% |
$1,930.87 |
|
XRP (CRYPTO: XRP) |
+2.48% |
$1.14 |
|
Solana (CRYPTO: SOL) |
+0.43% |
$78.26 |
|
Dogecoin (CRYPTO: DOGE) |
+1.60% |
$0.07342 |
Some Clarity Finally?
Bitcoin rallied to a 5-week high above $66,900, and is now up 13% month-to-date. Ethereum hit an intraday high of $1,950, while XRP and Dogecoin also climbed.
The spike followed reports that the White House agreed to add an ethics provision to the Clarity Act, a key sticking point that has kept the bill tied up amid President Donald Trump's cryptocurrency business interests.
Cryptocurrency-related stocks also fell, with Strategy Inc.(NASDAQ:MSTR) and Bitmine Immersion Technologies Inc.(NYSE:BMNR) closing up 4.22% and 3.61%, respectively.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with $160 million in bearish shorts erased, according to Coinglass data
Bitcoin's open interest jumped 4.21% to over $50 billion, indicating an influx of new money into the derivatives market. Retail and whale futures traders on Binance were positioned "Neutral" on BTC.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:30 p.m. EDT) |
|
Midnight (NIGHT) |
+33.82% |
$0.02441 |
|
Ondo (ONDO) |
+12.03% |
$0.4016 |
|
Genius Terminal (GENIUS) |
+11.51% |
$0.3604 |
The global cryptocurrency market capitalization stood at $2.27 trillion, representing a 1.28% increase over the last 24 hours.
Read Also:Cipher Stock Surges as Bitcoin Rises on CLARITY Act
Stock Market Rebounds
Stocks rallied sharply on Tuesday. The Dow Jones Industrial Average spiked 385.38 points, or 0.74%, to end at 52,224.64.The S&P 500 climbed 0.89% to close at 7,509.20, while the tech-focused Nasdaq Composite gained 1.29% to end at 25,837.21.
U.S. forces, meanwhile, carried out their eleventh consecutive day of strikes against Iranian military assets, while reiterating that the Strait of Hormuz remains open to commercial shipping.
— U.S. Central Command (@CENTCOM) July 22, 2026
Bitcoin's Biggest Test?
Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin has faced repeated rejections at the Short-Term Holder Realized Price since November, framing it as the apex cryptocurrency's biggest test.
Content Original Link:
" target="_blank">
