Bitcoin Price BTC Targets 100K Again as Clarity Act Advances Despite Opposition From Banks
After a Senate committee approved the Clarity Act, a comprehensive regulatory plan aiming at providing clearer laws for digital assets, Bitcoin recaptured the $80K mark as the cryptocurrency industry achieved a significant legislative milestone.
Quick overview
- Bitcoin has reclaimed the $80K level following the Senate Banking Committee's approval of the Clarity Act, aimed at establishing clearer regulations for digital assets.
- The bill received bipartisan support, with notable backing from major crypto companies and the White House, although it faces opposition from banking groups and labor unions.
- Bitcoin's recent price behavior indicates a potential recovery trend, with significant support at the $60,000 level and resistance at $80,000, which could lead to further gains.
- The Clarity Act still has a long legislative journey ahead, needing approval from both the Senate and House before reaching the President for final approval.
Live BTC/USD Chart
After a Senate committee approved the Clarity Act, a comprehensive regulatory plan aiming at providing clearer laws for digital assets, Bitcoin recaptured the $80K mark as the cryptocurrency industry achieved a significant legislative milestone.
Senate Committee Approves Crypto Bill
The Senate Banking Committee voted 15-9 to advance the Clarity Act, marking one of the most significant regulatory developments for the cryptocurrency industry in recent years.
The vote largely followed party lines, although Democratic Senators Ruben Gallego and Angela Alsobrooks joined Republicans in supporting the legislation.
The bill seeks to establish a clearer regulatory framework for digital assets after years of uncertainty surrounding oversight, enforcement, and industry standards.
Industry and White House Support
The legislation has received strong backing from several major crypto companies, including Coinbase, Circle, and Ripple.
Supporters argue that clearer rules could encourage investment and reduce regulatory confusion that has slowed broader institutional adoption of digital assets.
The White House has also reportedly supported negotiations around the bill, with lawmakers from both parties indicating they remain open to further revisions before a final vote.
Senator Tim Scott said the industry had spent years operating in a regulatory gray zone that created uncertainty for developers, investors, and businesses.
Technical Structure Defines the Next Inflection Point
From a technical perspective, Bitcoin’s price behavior early in 2026 shows that it is resuming the uptrend following a period retreat in late 2025, which sent Bitcoin decisively below the 100-week moving average for the first time since 2023 and signaling that the market had entered a corrective phase. The decline ultimately stabilized near the 200-week moving average around $60,000, reinforcing the importance of that level as long-term structural support.
BTC/USD Chart Weekly – The 200 SMA Held the Decline
In the last two months the price has rebounded, so the broader bullish trend remains technically intact. A sustained break below it could open the door to deeper downside toward the psychologically important $50,000 region. Conversely, the ability to push above the $80,000 zone increases the probability of a gradual recovery toward $100,000 and, over time, the $120,000–$126,000 region.
Opposition and Ongoing Concerns
Despite the committee approval, the bill continues facing significant opposition from banking groups, labor unions, and law enforcement organizations.
Critics argue the legislation may not do enough to prevent illicit financial activity involving digital assets. Banking industry representatives have also warned that stablecoin-related provisions could reduce traditional bank deposits and affect lending capacity.
Major labor organizations, including the AFL-CIO, have raised concerns that expanding legitimacy for cryptocurrency markets could create broader financial stability risks affecting retirement and pension systems.
Long Legislative Path Ahead
Although the committee vote represents an important step forward, the Clarity Act still faces a lengthy legislative process before becoming law.
The bill must still pass the full Senate and House of Representatives before reaching Donald Trump for final approval. The House previously passed a separate version of crypto legislation last year, meaning further negotiations are likely before any final agreement is reached.
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