Bitcoin Retreats Below $66,000 After Clarity Act and AI-Led Optimism - Unchained
Bitcoin retreats from $67,000 amid broader market correction. Original Image Credit: United States Department of the TreasuryPosted July 22, 2026 at 6:35 am EST. Bitcoin has dipped below$66,000after climbing as. . .
Bitcoin retreats from $67,000 amid broader market correction. Original Image Credit: United States Department of the TreasuryPosted July 22, 2026 at 6:35 am EST. Bitcoin has dipped below$66,000after climbing as much as2. 5%to trade just shy of$67,000on Tuesday for the first time since mid-June amid optimism around the Clarity Act and AI. The move mirrors a broader market correction as investors await Alphabet’s earnings today. This story is an excerpt from theUnchained Daily newsletter. Subscribe here to get these updates in your email for freeBitcoin and the broader crypto markets had rallied onreportsthat the White House on Monday night signed off on ethics language for theClarity Act, the provision that had stalled the market-structure bill for months. Stoking further optimism, Treasury SecretaryScott Bessenton Tuesday told Fox Business that the bill is at the “1-yard line,” urging a vote before the August recess. In the backdrop was also a broader tech rally on optimism around AI demand and looming earnings reports. Bitcoin had fallen in tandem with these stocks last Friday. The End of Crypto Winter?The Clarity Act optimism and the recent rally had again stoked speculation that the extended crypto market downturn is at an end. “If [Clarity] passes, winter is over,” Bitwise investment chiefMatt Hougansaid on X. Amid recent developments the market is underestimating the chances of the bill passing this year, Hougan said. Polymarket bettors most recently put the odds of the bill passing this year at41%. The bill has just over 10 working days left till the August recess and needs 60 votes in the Senate, which would require at least seven Democrats to cross over. Related Listen:Bitcoin and ETH Are Up. But This Crypto Rally Still Lacks ConvictionAI-assisted content:This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.