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Bitcoin trades sideways near USD 77,368 as ETF outflows persist this week.
Zcash gained 2.8% today, extending its steady climb past USD 1,140.
Today's CLARITY Act vote and tomorrow's Fed rate call remain the market's key triggers.
Bitcoin is stuck in a tight range today, holding just above USD 77,000. Buyers keep defending this zone, but conviction looks thin. Spot Bitcoin ETFs booked heavy outflows this week, snapping a three-week inflow streak. Oil above USD 100 a barrel and Treasury yields near 5% are squeezing broader risk appetite. The Senate votes on cloture on the CLARITY Act this afternoon, a bill needing 60 votes to move forward.
Ethereum, XRP and Solana traded mixed alongside Bitcoin through the session. Zcash again stood out, adding another leg to its steady climb. Total market capitalization sits near USD 2.66 trillion, up modestly on the day. The Fear and Greed Index reads 68, still in Greed territory despite the cautious tone. Desks are watching whether tomorrow's Fed decision confirms this week's hawkish repricing or reverses it.
Bitcoin trades at USD 77,368.61, flat over the past 24 hours, per live CoinGecko data. Its market capitalization stands at USD 1.55 trillion. Trading volume over 24 hours reached USD 31.05 billion. Bitcoin gained 1.7% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
CoinSwitch Markets Desk flagged the USD 77,000 to USD 78,000 zone as immediate support. Resistance sits higher, near USD 80,000 to USD 82,000. A break above USD 80,000 could revive bullish momentum quickly. Losing USD 77,000 instead risks fresh selling pressure into the session.
Mudrex's Prateek Gupta said Bitcoin holds steady near USD 78,000 despite slipping below its 50-week EMA. He flagged the Bank of Japan's expected hike to 1.25% as a key risk. A similar move preceded Bitcoin's sharp selloff last August. ETF outflows near USD 463 million this week have not broken the structure yet.
WazirX founder Nischal Shetty said oil above USD 105 and yields near 5% are tightening liquidity. Bitcoin trades near USD 77,970 with RSI close to 57, a healthy reading. Immediate support sits at USD 77,200 to USD 77,800. Holding that zone could sustain strength into tomorrow's Fed decision.
Also Read: Bitcoin ETFs Lose USD 460M as Ethereum Funds Extend Inflow Streak
Delta's Riya Sehgal said Bitcoin's push toward USD 79,500 was rejected quickly by sellers. Supply near USD 79,000 to USD 80,000 remains the key ceiling for now. Volatility climbed from roughly 36.5 to 38.8 into today's event window. Clearing 60 votes today, she noted, could lift sentiment across majors and altcoins alike.
Source: CoinGecko, prices as of today's session.
XRP led the top coins today, gaining 3.1% on renewed spot demand. Zcash followed close behind, up 2.8% on steady shielded pool activity. Ethereum and Hyperliquid posted smaller gains near the 0.6% to 0.8% range. Stablecoins stayed flat as expected, with no coin in the top ten in decline.
The Senate votes on CLARITY Act cloture at 2:15 p.m. Eastern Time today. A 60-vote threshold is required to move the bill past the filibuster stage.
Republicans hold 53 seats, so several Democrats must cross the aisle to help. Prediction markets currently price the odds of passage near 24% to 26% today.
Eighteen state attorneys general urged senators to reject the latest CLARITY Act draft this week. They cited concerns over stablecoin oversight and consumer protection gaps in the text.
Treasury Secretary Scott Bessent said the revised draft grants his office added regulatory authority. The pushback adds fresh uncertainty just hours before today's scheduled Senate floor vote.
The Federal Reserve wraps its two-day policy meeting tomorrow with a closely watched rate call. Futures markets have priced in a hike, keeping crypto desks alert through today's session.
Chair Kevin Warsh's forward guidance will likely matter more than the rate move itself. Traders are keeping position sizes light until both the vote and Fed decision clear.
US spot Bitcoin ETFs posted roughly USD 463 million in outflows across four sessions this week. The run ended a three-week streak of steady institutional buying into the funds.
Ethereum ETFs moved the opposite way, pulling in close to USD 216 million recently. BlackRock's ETHA fund led that haul, drawing nearly USD 149 million on its own.
The Bank of Japan is expected to raise rates to 1.25%, its highest level since 1995. A similar hike preceded Bitcoin's sharp selloff back in August of last year.
Analysts are watching closely for any repeat of that liquidity-driven reaction this week. Bitcoin stayed largely resilient so far despite the approaching central bank decision.
Zcash pushed past USD 1,140 today, gaining 2.8% on continued shielded pool demand. Rising mining activity and steady accumulation continue supporting the token's climb this week.
The wider privacy coin segment remains one of this year's standout performing categories. Traders are watching whether the rally can clear resistance and extend further into next week.
Today's CLARITY Act vote carries real weight for sentiment across majors and altcoins. Clearing 60 votes would mark genuine progress toward clearer US crypto regulation. Failing to advance could trigger a short-term disappointment trade across risk assets. Prediction markets currently lean against passage, keeping positioning cautious into the afternoon.
Tomorrow's Fed decision looms as the bigger macro catalyst for this week. A rate hike appears largely priced in across futures and options desks. Chair Warsh's guidance on the future rate path will likely drive the sharper move. Bitcoin faces resistance near USD 80,000, while USD 75,000 remains key support. Desks recommend disciplined position sizing over leverage until both events fully clear.
1.What is the Bitcoin price today?
Bitcoin trades near USD 77,368.61, flat over the past 24 hours, according to live CoinGecko data. Support holds near USD 77,000, while resistance sits close to USD 80,000 across major trading desks this week, with volatility building into tomorrow's Fed decision.
2.Why is today's CLARITY Act vote important for crypto?
The vote decides whether the bill clears the Senate filibuster and moves toward full floor debate. Passage would mark a major step for US crypto market structure legislation, while failure could stall regulatory clarity for the rest of the year.
3.What is the biggest crypto news today?
Today's top headlines include the CLARITY Act cloture vote, continued Bitcoin ETF outflows, and tomorrow's Federal Reserve rate decision. Zcash's steady climb past USD 1,140 also remains a key talking point across trading desks.
4.Which coins are performing best today?
XRP leads the top ten with a 3.1% daily gain, followed closely by Zcash at 2.8%. Ethereum and Hyperliquid posted smaller gains, while stablecoins held steady near their expected dollar peg levels.
5.What should investors watch this week?
Track today's CLARITY Act vote, tomorrow's Fed rate decision, and the Bank of Japan's policy meeting later this week. Each event carries the potential to move crypto prices sharply in either direction.
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