
Bitcoin Price Analysis: Why BTC Rose Despite The Crypto Bill Delay
The Senate punted the CLARITY Act to September and Bitcoin rose anyway. The chart explains why, and it is not the story most people are telling.
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The Senate punted the CLARITY Act to September and Bitcoin rose anyway. The chart explains why, and it is not the story most people are telling.

Bitcoin climbed above $65,000 on August 7 while Ethereum pushed toward $1,930 as weaker-than-expected U.S. employment data triggered a broader relief rally across risk assets.

Bitcoin hovered around $65,000 Friday, while Ether traded near $1,903 and the broader crypto market stayed mostly flat ahead of US jobs data. US payrolls fell by 23,000 in July versus an expected 83,000 gain, while unemployment slipped to 4.1%, strengthening expectations the Fed will hold rates at 3.50% to 3.75% in September.

The US jobs report finally gave markets the catalyst they had been waiting for, sending the Dollar sharply lower and precious metals surging as traders scaled back expectations for another Fed rate hike. Nonfarm payrolls unexpectedly fell -23K in July, compared with expectations for an 85K increase, but the headline shock was only part of the story.
![Silver (XAG) Elliott Wave analysis: Final push higher before reversal [Video]](https://static.pipvero.com/uploads/2026-08/general-1-1786109438-fb0f1cc72e9ec9d5.webp)
Silver (XAG) Elliott Wave analysis: Final push higher before reversal [Video]

Circle's integration of native USDC on X Layer enhances DeFi, cross-chain transfers, and AI payments, boosting blockchain interoperability. Circle integrates native USDC and CCTP on X Layer blockchain.

Crypto analyst Ali Martinez says the Bitcoin (CRYPTO: BTC) bull market has arrived, pointing to three signals on the monthly chart that have historically aligned with major cycle bottoms. What The Three Signals Are Saying Ali Charts posted a five-part thread on X laying out the case.
The U.S. jobs report has come in softer than expectations, with the U.S. economy losing 23,000 jobs last month. Bitcoin has climbed on the back of the macro data, which signals that the labor market is still showing signs of weakness.

The market expected another "mild" CPI report, but soft data points to a "hot" report. The Fed might be forced to hike in September, with more aggressive tightening policy to be priced in.

Ethereum's declining exchange reserves and rising smart contract activity suggest a shift towards long-term utility and potential volatility. Ethereum exchange reserves bleed $25.6M weekly as smart contract deployment surges 50%.

After weeks of corrective price action, Hyperliquid price is showing fresh signs of life. HYPE has bounced sharply from the psychologically important $50 support, helping the token recover nearly 3% over the past week.

XRP developers are celebrating a quiet but important victory in the fight for digital recognition. After seven years of continuous requests, GitHub discussions and mass voting, the globally popular icon toolkit Font Awesome has finally integrated not only the token's logo, but the XRP Ledger's logo as well.

MARA Digital Holdings (NASDAQ: MARA), a Bitcoin mining and infrastructure firm, reported a significant reduction in its Bitcoin treasury at the end of the second quarter of 2026.

Ethereum's dominance in tokenized credit funds highlights its pivotal role in shaping future financial infrastructures and institutional trust. Ethereum holds 43% share of the tokenized credit fund market as sector tops $7B.

The miner sold 2,213 BTC and later pledged 18,750 BTC, while the differently dated collateral pools cannot be reconciled.