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Key Takeaways
- XRP fell more than 2% on the day and 5.5% over the week, the weakest performance among major tokens, as the Senate delayed its Clarity Act vote to September
- The bill needs 60 votes and its current support remains unclear, with Republicans opposing it and Democrats pushing for stricter provisions on Trump’s crypto ventures
- Bitcoin held near $64,300 as spot ETFs took in about $626 million over three days, defending $63,000-$64,000 support but not breaking $66,000 resistance
Bitcoin held near $64,300 on Friday, little changed on the day and flat for the week, after the Senate confirmed it would not vote on the Clarity Act before its August recess. XRP led losses among major tokens, falling more than 2% on the day and 5.5% over the week.
The delay pushes a decision on the bill, which would establish which U.S. regulator oversees which digital assets, into September at the earliest, leaving the market structure question unresolved through the summer break.
Senate Leaves Washington Without a Vote on Market Structure Bill
The Clarity Act needs 60 votes to pass the Senate, and it remains unclear whether it currently has the support of even 50 lawmakers. Several Republican senators have said publicly they oppose the bill, while Democrats are pushing for stricter provisions to prevent President Donald Trump from profiting from crypto ventures while in office.
Trump disclosed more than $1 billion in income from his crypto ventures in 2025, according to his own financial disclosure. Senate Majority Leader John Thune said a vote will come in September, when lawmakers return on Sept. 14 with roughly three weeks to work through a backlog that also includes government funding and a Russia sanctions bill.
XRP Underperforms as Ether and BNB Hold Steady
XRP traded near $1.02, the weakest performance among major tokens both on the day and over the past week. Solana fell more than 1% to nearly $73, down almost 2% over seven days. Dogecoin slipped almost 1% to under 7 cents.
Ether held flat near $1,897, down marginally on the week. BNB traded at $591, up 1% over seven days, while Hyperliquid’s HYPE eased under 1% to nearly $56 but still led the majors over the past week with a 1.3% gain.
Bitcoin ETF Inflows Hold Near $63,000 Support
Spot Bitcoin funds took in about $626 million between August 3 and August 5, according to fund flow data. That inflow has been enough to defend the $63,000 to $64,000 support area but has not pushed Bitcoin’s price through resistance between $66,000 and $66,600.
The inflows have kept Bitcoin’s price within its recent trading range without pushing it through resistance. The delayed vote removes a regulatory catalyst that had been on the market’s calendar.
Jobs Report and Inflation Data Due Next Week
Next week brings the U.S. employment report and July inflation data, both of which could shape the near-term path for Bitcoin’s price. The Federal Reserve held its policy rate at a range of 3.50% to 3.75% in July, though three officials on the rate-setting committee voted for an increase.
Economists say a stronger-than-expected jobs report or persistent inflation could support the case for tighter monetary policy, a scenario that has weighed on Bitcoin’s price in prior cycles.
Bitcoin Remains Below Key Resistance Despite Steady Demand
Bitcoin has not broken above $66,000 despite steady ETF inflows through the week. Next week’s jobs report and inflation data are likely to influence whether Bitcoin tests $66,000 again or falls back toward $63,000.
The Clarity Act’s delayed timeline adds a layer of uncertainty heading into September, when the Senate faces a compressed schedule covering the bill alongside government funding and sanctions legislation.
