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Bitcoin trades near USD 77,468 as sentiment holds cautiously steady today.
Zcash extends its rally past USD 1,519, up over 10% in a day.
Traders weigh the Fed's rate call against a stalled CLARITY Act.
Bitcoin is holding firm above USD 77,000 after a turbulent week of policy headlines. The Senate's failed cloture vote on the CLARITY Act rattled sentiment briefly, and the Fed's rate hike to 3.75-4.00% has kept traders guarded through the session.
Ethereum and Solana posted solid gains alongside Bitcoin today, while Zcash again dominated the tape with an outsized move. Total market capitalization holds near USD 2.6 trillion, and desks are watching whether this strength carries into next week.
Bitcoin trades at USD 77,468.41, up 1.4% over the past 24 hours, according to live CoinGecko data. Its market capitalization stands near USD 1.56 trillion, with 24-hour volume around USD 25.55 billion. Bitcoin has gained 0.7% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin recovered toward USD 77,000 alongside a broader rebound in US equities. The Fed's hike to 3.75-4% came with a signal of one more increase this year.
Bitcoin and Ethereum ETFs saw USD 1.11 billion in combined outflows over two sessions. Corporate treasury demand has also cooled sharply, with only 5,900 BTC bought over three months. Gupta placed resistance at USD 78,600, with USD 75,000 marking key support below.
CoinSwitch's Markets Desk noted that BTC absorbed the Fed's first hike since 2023 without much damage. The 25 basis point move to 3.75-4% left Bitcoin holding steady near USD 76,000.
The resilience signals underlying spot demand even as ETF flows stayed cautious. The Senate's failed CLARITY Act vote added fresh regulatory uncertainty for digital assets. Falling oil prices offered some relief, easing inflation pressure on the Fed's next move.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin is holding the USD 76,000 to USD 77,000 zone well. That stability stands out given roughly USD 592 million in ETF outflows earlier this week.
On the hourly chart, price trades above short-term moving averages after defending support. The USD 77,100 to USD 77,600 band remains the key resistance cluster to watch. A confirmed break higher could open the path toward USD 78,000 in the sessions ahead.
Nischal Shetty, founder of WazirX, pointed to firm US jobless claims data at 196,000 this week. The Philadelphia Fed index stayed expansionary at 37.8, supporting broader risk appetite.
Bitcoin trades near USD 76,680 in a tight range, with support at USD 76,000 to USD 76,100. Resistance sits close behind at USD 76,850 to USD 77,000 on the daily chart. Global equities firmed as the VIX dropped sharply, lifting overall investor confidence.
Also Read: How Bitcoin Could Work Without the Internet: The Technology Behind Alternative Networks
Source: CoinGecko, prices as of today's session.
Zcash led the top ten again, adding over 10% on renewed institutional buying and shielded-pool demand. Solana followed closely, gaining nearly 6% on steady network activity and rising trading volume.
BNB also posted a firm advance near 3.7%, outperforming most large-cap peers today. Stablecoins held their peg as expected, and no coin in the top ten closed lower.
The Senate fell short on Monday's cloture vote for the CLARITY Act, landing at 49 votes against a 60-vote threshold. The bill's failure effectively halts market structure legislation in Washington for the rest of the year.
Industry groups called the outcome a setback after years of lobbying for regulatory certainty. Traders reacted with caution rather than panic, since the vote outcome had been widely expected by desks tracking the bill.
The Federal Reserve raised its benchmark rate by 25 basis points this week, its first hike since 2023. Officials signaled at least one more increase before year-end, keeping liquidity expectations tight.
Risk assets absorbed the move calmly, with Bitcoin holding above key support levels through the session. Analysts note that inflation is now not expected to return to target until 2029.
Paradigm co-founder Matt Huang disclosed a Zcash position this week, calling it a private complement to Bitcoin. The comment triggered fresh buying interest across shielded-pool activity and derivatives markets alike.
Zcash has now outpaced every major coin this month by a wide margin. A new Zcash-linked ETF filing added further momentum to the token's ongoing rally.
US spot Bitcoin ETFs recorded roughly USD 450 million in outflows this week, the steepest single drop since June. Combined Bitcoin and Ethereum fund redemptions have now topped USD 1 billion in recent sessions.
Institutional buyers appear to be waiting for clearer signals from both the Fed and Washington. Desks say sustained outflows could cap upside momentum until sentiment stabilizes further.
Corporate Bitcoin purchases have slowed well below last year's pace, with just 5,900 BTC bought in three months. That figure compares sharply against 89,000 BTC purchased in a single month last year.
Analysts see this as a sign that treasury desks are turning more selective after months of rapid accumulation. Some firms are reportedly prioritizing balance sheet stability over further coin purchases.
Solana climbed nearly 6% today, supported by strong on-chain activity across major decentralized applications. The token has outperformed several large-cap peers over the past 24 hours on rising volume.
Developer activity remains a consistent tailwind for the network's price action this quarter. A sustained close above USD 105 could open the door toward the next resistance zone.
Zcash's continued surge highlights fresh rotation into privacy-focused assets this quarter. That strength suggests capital is actively seeking pockets of outperformance beyond Bitcoin and Ethereum.
Bitcoin's steady hold above USD 77,000 reflects resilient demand despite a heavy news week. A confirmed move past USD 78,600 would meaningfully strengthen the near-term bullish case for the asset.
The Fed's hawkish tone keeps liquidity-sensitive assets exposed to pressure in the sessions ahead. ETF outflows suggest institutional buyers remain hesitant until clearer signals emerge from Washington.
The CLARITY Act's failure removes a key regulatory catalyst for now, at least this year. Solana and BNB's steady gains point to healthy rotation across large-cap altcoins today. Desks recommend disciplined position sizing until both macro and policy signals firm up.
What is the Bitcoin price today?
Bitcoin trades near USD 77,468.41, up 1.4% over the past 24 hours, according to live CoinGecko data. Support holds near USD 76,000, while resistance sits close to USD 78,600 across major trading desks this week.
Why did Zcash surge today?
Zcash jumped over 10% today after Paradigm co-founder Matt Huang disclosed a position in the token. Fresh shielded-pool demand and a new ETF filing added further momentum to the ongoing privacy coin rally.
What is the biggest crypto news today?
Today's top headlines include the Senate's failed CLARITY Act cloture vote and the Fed's rate hike to 3.75-4%. Zcash's institutional-driven rally and fresh Bitcoin ETF outflows also remain key talking points for traders.
Which coins are performing best today?
Zcash leads the top ten with a striking 10.3% daily gain, followed by Solana near 5.9%. BNB posted a solid 3.7% advance, while stablecoins held steady near their expected dollar peg levels.
What should investors watch this week?
Track Fed commentary, ETF flow data, and any renewed legislative movement on crypto market structure. Corporate treasury buying trends and Zcash's institutional demand also carry weight for near-term price direction.
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