Senate punts CLARITY Act to fall, $BTC shrugs and heads north anyway 🚀

Bitcoin held near $65,200 on Monday, up 3.7% on the week, per CoinDesk data, extending a recovery from an early-August low near $62,000 that lifted the broader market. Ether traded near $1,925, while BNB, Solana and TRON posted weekly gains. The move came even as the U.S. Senate failed to pass the CLARITY Act before departing for its August recess on Friday, mustering 51 of the 60 votes needed and pushing any further action to September 14 at the earliest.

That the market advanced despite the delay aligns with what strategists argued last week, when they said the timeline was already priced and that a failure to clear the procedural hurdle would register as confirmation rather than a fresh shock. Spot bitcoin ETFs have recorded consecutive days of inflows, and a softer U.S. dollar following the weak jobs report has eased the backdrop that weighed on the asset through the summer.

Adding to the tone, Michael Saylor posted Strategy's bitcoin-buy chart over the weekend with the caption "Doing business," days after the firm disclosed selling about 1,638 BTC to fund share buybacks, which markets read as a hint at an additional purchase. Bitcoin was last seen holding above the $65,000 level as the week began.