Quick overview

---

Originally fueled by the Senate approval of the Clarity Act in the United States, cryptocurrencies reversed course on Friday as rising global uncertainty triggered a broad risk-off move across financial markets.

Bitcoin, which had surged above $82,000 the previous day, fell sharply and is now trading near the critical $79,000 support level.

Meanwhile, Ethereum is on track to close the trading week in negative territory, hovering around $2,215 after a daily decline of 1.9%. Among major altcoins, Solana stood out on the downside with losses of 2.3%.

The broader crypto market remains under pressure from increasing risk aversion and a stronger U.S. dollar. Investors were disappointed by the lack of concrete breakthroughs following Donald Trump’s visit to China, while ongoing tensions and stalled negotiations between the United States and Iran continue to weigh on market sentiment.

At the same time, the dollar has strengthened as traders raise expectations that the Federal Reserve could potentially hike interest rates following a series of stronger-than-expected U.S. inflation reports released earlier this week.

Clarity Act boosts long-term optimism

Despite the short-term pullback, the approval of the Digital Asset Market Clarity Act — commonly referred to as the Clarity Act — marked a major milestone for the crypto industry.

The U.S. Senate Banking Committee approved the legislation in a 15-9 vote, creating for the first time a federal regulatory framework for digital assets in the world’s most influential financial market.

Analysts believe the bill could help reduce one of the sector’s biggest barriers: regulatory uncertainty. According to market participants, the Clarity Act may finally open the door for more serious institutional capital that had remained sidelined for years.

Following committee approval, the bill now advances toward final review in both the Senate and the House of Representatives, although no official voting date has yet been scheduled.

The legislation is also being closely watched internationally, as regulatory developments in the United States often trigger broader policy discussions in other countries. Investors increasingly see clearer U.S. rules as a potential catalyst for more mature and coordinated global crypto regulation.