CLARITY Act Odds Jump to 42% as Crypto Market Adds 0.95%

The regulatory catalyst was the CLARITY Act. Passage odds on prediction markets rose to 42% on July 17 from 30% earlier in the month, according to Polymarket data cited by CoinGape. Representative Bryan Steil expressed optimism about Senate progress in a July 17 interview, and traders are watching for a potential floor vote between July 20 and July 24. Senate leaders have not yet ratified an official schedule.

The bill would split oversight of digital assets between the SEC and the CFTC, designating Ethereum and certain established tokens as digital commodities. A clearer legal framework would reduce uncertainty for exchanges, developers, and custodians, several analysts said.

Bitcoin's immediate technical setup hinges on holding support between $63,500 and $63,880. A break above $65,000 resistance could extend the broader rally. Losing $63,500 would expose the $62,500 level. Ethereum buyers are defending support near $1,810; a move higher could target the 100-day exponential moving average around $1,940, then $2,000. XRP needs to stay above $1.08 to challenge resistance between $1.10 and $1.12. A drop below $1.08 could send it to $1.05.

Traders said the next few sessions will be driven by ETF flow data and any formal Senate planning for the CLARITY Act vote.