Bitcoin Tops $66,000 as Trump Backs Clarity Act Ethics Provision

3 articles · Updated · CoinDesk · Jul 21

Bitcoin rose 3.5% to above $66,000—its highest since June 17—after reports said Donald Trump accepted an ethics provision that could clear the U.S. Clarity Act’s last major Senate obstacle.
Ether, BNB and XRP rallied even more, and the CoinDesk DeFi Select Index jumped 9%, with an Asian rebound in semiconductor stocks adding to the broader risk-on move.
770,000 bitcoin futures contracts were open versus under 750,000 a day earlier, while call-heavy trading in bitcoin and ether options pointed to fresh upside positioning.
Put skews and steadier implied volatility still showed traders buying protection, leaving analysts focused on whether bitcoin can hold above the next technical test near $68,000.
Solana’s tokenized-asset volume hit a record $5.8 billion in the second quarter, up 114% from the prior quarter, as real-world asset tokenization topped $33 billion and signaled deeper institutional adoption.