Finance · 10 August, 2026 · 2 min read
Bitcoin Slips Below $65,000 After Fourth Failed Attempt, Traders Eye $70,000
Bitcoin slipped below $65,000 for a fourth failed attempt. US inflation data due this week guiding price direction.
10 outlets told this the same way.
1 of 2 outlets skipped it: clarity Act procedural motion; floor vote delayed to mid-September.
10outlets compared
Bitcoin tests $65,000
Bitcoin slipped below $65,000 after a fourth failed attempt to hold that level, and it was near $64,000 on Tuesday after a 24-hour high just above $65,300.
Alex Kuptsikevich, chief market analyst at FxPro, said bitcoin has been testing $65,000 for four straight days without any surge in buying and read the lack of selling as "a build-up of short positions well above this level."
The article said traders are eyeing $70,000 as the next area to watch, with the 200-day moving average sitting nearby, and it noted the crypto sentiment index at 30 in what is known as the fear zone.
In broader markets, U.S. 10-year Treasury yields rose six basis points on Monday to 4.71%, while Brent crude held at $87.73 a barrel after jumping 5% on Monday.
The same piece tied the focus on Wednesday’s U.S. inflation figures at 8:30 a.m. ET to the rally’s pressure on assets that do better when rate rises look less likely.
Prices and market moves
The Investing News Network recap priced Bitcoin (BTC) at US$64,917.34 and said it was trading flat over the past 24 hours.
It priced Ether (ETH) at US$1,914.84 and XRP (XRP) at US$1.03, while noting XRP was trading 0.5 percent lower over the past 24 hours.
The same recap said Solana (SOL) was trading at US$76.51 and flat over the last 24 hours, and it described the day’s crypto landscape as of 10:00 a.m. UTC.
It also reported that Grayscale Investments filed Form RW withdrawal requests with the SEC to cancel registration statements for three proposed altcoin ETFs, including the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF.
Following that announcement, the article said market prices for Cardano, Hedera, and Polkadot each dropped by more than 2 percent within 24 hours, and it added that Hedera had fallen over 30 percent during the past two months to trade at $0.068.
Clarity Act and policy
Investing News Network said Senate Majority Leader John Thune filed a procedural motion early Saturday (August 8) to advance the Clarity Act, with a final floor vote delayed until lawmakers return from their August recess in mid-September. It reported that Republican leaders still need to secure at least 60 votes to pass the legislation, requiring support from all 50 Senate Republicans and at least eight Democrats. The article said negotiations stalled ahead of recess over a central ethics provision prohibiting public officials and their families from profiting off digital asset ventures, and it added that Senate Democrats demand stricter enforcement mechanisms and divestment requirements targeting President Donald Trump.
It also said Truth Social parent company Trump Media & Technology Group mutually agreed with Crypto.com and Yorkville Acquisition Corp. to terminate their proposed cryptocurrency treasury venture, and interim CEO Kevin McGurn confirmed the company was abandoning plans for Trump Media Group CRO Strategy. Finally, the recap said the bill would establish the first comprehensive federal regulatory framework for digital assets, while supporters remained hopeful for a final floor vote when the Senate reconvenes in mid-September.