We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
_cfuvidThis cookie is a part of the services provided by Cloudflare - Including load-balancing, deliverance of website content and serving DNS connection for website operators.
Maximum Storage Duration: SessionType: HTTP Cookie
__cf_bm [x7]This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website.
CookieConsentStores the user's cookie consent state for the current domain
Maximum Storage Duration: 1 yearType: HTTP Cookie
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
We do not use cookies of this type.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
We do not use cookies of this type.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
We do not use cookies of this type.
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
List of domains your consent applies to: [#BULK_CONSENT_DOMAINS#]
Cookie declaration last updated on 8/12/26 by Cookiebot
[#IABV2_TITLE#]
[#IABV2_BODY_INTRO#]
[#IABV2_BODY_LEGITIMATE_INTEREST_INTRO#]
[#IABV2_BODY_PREFERENCE_INTRO#]
[#IABV2_BODY_PURPOSES_INTRO#]
[#IABV2_BODY_PURPOSES#]
[#IABV2_BODY_FEATURES_INTRO#]
[#IABV2_BODY_FEATURES#]
[#IABV2_BODY_PARTNERS_INTRO#]
[#IABV2_BODY_PARTNERS#]
About
Cookies are small text files that can be used by websites to make a user's experience more efficient.
The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.
This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
You can at any time change or withdraw your consent from the Cookie Declaration on our website.
Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.
Please state your consent ID and date when you contact us regarding your consent.
Install NewsLayer
Get the app experience — one tap from your home screen, instant loads and breaking-news alerts.
Bitcoin price traded near $64,000 today after losing roughly 2% during the past 24 hours.
The crypto market is down -1.37% to $2.19T in 24h, primarily driven by institutional selling pressure on Bitcoin.
The fall put Bitcoin in critical support at $60,000 and resistance near $70,000. The current market value hovered around $1.28 trillion.
Institutional flows, regulatory moves, and geopolitical risks are the next big determinants of the next big price direction that investors are following.
CLARITY Act Decision Expected September 15
The United States Senate could consider a procedural motion involving the CLARITY Act on September 15.
The cloture motion was filed by Senate majority leader John Thune, who postponed further action until September after lawmakers voted no more until then.
The bill needs approximately 60 votes to pass. Instead of passing the legislation at once, it would initiate discussion.
Coingape market predictions
The bill aims to bring about more transparent regulation of cryptocurrencies and stipulates roles between federal regulators.
Nevertheless, the legislators are still torn between ethical provisions, decentralized finance protections and banking issues.
The advancement of September 15 might increase the trust of investors and cryptocurrency business leaders. A subsequent delay might widen uncertainty in the market.
Michael Saylor’s Strategy Sells More Bitcoin
Michael Saylor’s Strategy sold 1,690 Bitcoin last week for approximately $109 million.
The deal was the fourth week of Bitcoin sales by the company. In the same period, strategy sold 6,916 Bitcoin worth 429.4 million.
STRATEGY SOLD $108M BTC – HOLDS $4.65B CASH
Saylor’s Strategy sold 1,690 BTC and $653M in MSTR stock, using the proceeds of the BTC sales to repurchase $STRC.
Our team reviewed Saylor’s recent sells & their consequences. Article below: pic.twitter.com/GLG8aFztJn
— Arkham (@arkham) August 10, 2026
Some of the most recent proceeds was used to purchase preferred shares. Common-stock sales also helped the company to increase its cash reserves.
These disposals do not mean that Strategy does not have a significant Bitcoin treasury. Nonetheless, the frequent sales can undermine the mood of those investors who anticipate long-term accumulation of corporations.
Bitcoin ETF Outflows Weaken Demand
On August 10, U.S. spot Bitcoin ETFs experienced net outflows of $145 million. According to SoSoValue, Spot Ethereum ETFs also registered about 14.6 million withdrawals.
Sosovalue data
The redemptions followed several positive sessions for cryptocurrency investment products. Further withdrawals may decrease the capability of Bitcoin to regain $70,000.
Nevertheless, new institutional inflows can help to support the level above $60,000 and make another recovery effort.
US-Iran War Adds Geopolitical Uncertainty
President Donald Trump has reportedly stepped back from additional airstrikes against Iran.
Washington is instead relying on sanctions and the naval blockade of Iranian ports. Authorities believe that economic pressure will weaken Tehran and facilitate negotiations.
Gulf stocks fall as hopes fade for US-Iran deal
——
Gulf stock markets opened lower on Tuesday as expectations for a US-Iran agreement to end the war and restore shipping through the Strait of Hormuz weakened.
Saudi Arabia’s benchmark index fell 0.1%, while Saudi National Bank,… pic.twitter.com/YNtapFkHUM
— The Cradle (@TheCradleMedia) August 11, 2026
The strategy can minimize direct military threats. But long-term tensions would alter the avenues of oil and create volatility in the world market.
The increased energy costs may complicate inflation expectations and strain risk assets, such as Bitcoin. The military action would be renewed and this would intensify short term selling.
Bitcoin Price Prediction Ahead of September 15 Clarity Act Decision
BTC price fell to below 64,000 as selling resumed throughout the cryptocurrency market. Ethereum also dropped to below $1,900 in the overall drop.
The recent weakness was caused by macroeconomic uncertainty and leveraged liquidations. Investors are also awaiting important United States inflation reports this week.
BTC/USDT 1-day chart: TradingView
To regain short-term momentum, Bitcoin will need to recover above $65,000. This action would put the area of resistance at $68,000 in focus. Bitcoin may hit $70,000 provided it maintains a demand of $60,000 and the demand of the ETFs. CLARITY Act progress would further support that bullish outlook.
However, failure to defend $63,500 could push the price toward $62,000. The larger downside risk begins if Bitcoin loses $60,000. The future Bitcoin price may fall toward $55,000 after losing $60,000. The major psychological support would be revealed as near as $50,000 eventually, due to stronger selling.
