Bitcoin climbs above $66,000 on US Clarity Act hopes

Bitcoin surged past the $66,000 level, trading at $66,624 on Binance, a 1.73% rise, after the U.S. House advanced the Clarity Act, a digital‑asset market‑structure bill. The legislative optimism lifted investor sentiment alongside a rally in U.S. equities, where the S&P 500, Nasdaq‑100 and Dow Jones all closed higher.

Liquidations during the 24‑hour period totaled about $71 million, with short positions accounting for roughly 90%. Overall digital‑asset market liquidations were about $200 million. Analysts note the $68,000 zone as a key resistance level; breaking through it would be critical for further upside. Trading volume remains low, with spot Bitcoin turnover at just 62% of its annual average, marking July as the weakest month on record for activity. While the price move is positive, market participants caution that sustained advances depend on increased volume and a clear breach of the $68,000 barrier.