Bitcoin (BTC), Ethereum (ETH), and XRP are under close watch as U.S. lawmakers accelerate progress on crypto regulation.
The Digital Asset Market CLARITY Act is gaining momentum, raising expectations for clearer rules across the digital asset industry.
The market participants are of the view that regulatory certainty would likely encourage institutional involvement and stabilize long-term investing mood in cryptocurrencies.
US Senate Advances Digital Asset Clarity Act Bill
The Senate Banking Committee scheduled an April markup, signaling renewed legislative activity following recent delays in negotiations.
The stablecoin yield provisions are actively discussed by lawmakers and are the main point of disagreement between banks and crypto companies.
Negotiators have reportedly come to a temporary agreement on the rules of stablecoins, which could soon see the bill proceed.
Late April is considered by industry analysts to be a make-or-buy decision as any delay in the final approval would push the final approval to 2026.
A Coinbase senior legal officer recently said that a possible deal might be reached in the next 48-hours as long as the talks continue to be fruitful.
However, Cardano founder Charles Hoskinson criticized aspects of the bill, warning its language could enable future regulatory overreach.
Polymarket data prediction market has given a probability of 63% that the CLARITY Act will be enacted into law in the year 2026.
Source: Polymarketcap dataRegulatory clarity, analysts believe, would help institutional investors become more confident and drive the demand towards the top digital assets such as BTC, ETH, and XRP.
Investors are still hesitant, as they are awaiting the results of the final legislative efforts to invest significant amounts of capital in the cryptocurrency market.
Will BTC Price Reclaim $70K and Rally Toward $75K After Clarity Act Decision?
BTC price dropped to $66,656, declining 3.51% over 24 hours amid renewed geopolitical tensions.
President Donald Trump increased rhetoric of the conflict between the U.S. and Iran war and markets became risk-averse.
This setback undermined the hope of ceasefire and triggered sell-offs in the cryptocurrencies and equities markets.
According to on-chain data, there were changes in positions of major Bitcoin holders as accumulation changed to steady distribution.
Wallets holding between 1,000 and 10,000 BTC reduced their yearly balance by 188,000 coins.
Source: Crypto QuantThe continuing downward 365 days trend indicates structural selling pressure, and that is a cause of concern to traders and investors.
Analysts forecast consolidation of $65,000-$68,5000 in the event of support and weakening selling momentum.
A break above $70,000 could propel Bitcoin long-term prediction toward $75,000 after the Clarity Act decision.
ETH Price Declines Despite Surging On-Chain Activity and User Growth
ETH price crashed at $2,049.54, falling 4.68% in 24 hours amid a wider cryptocurrency market decline. The decline occurred after a macro-based sell-off as investors responded to market uncertainty prevailing in the global markets.
The market perspective is still hesitant, with traders keeping watch on key support of around $1.31. A rise above this point may lead to rebound to the range of $1.38 to $1.50. Nonetheless, a lower break can potentially lead to a retest of the area at $1.20, particularly before the decision of the act of clarity on Friday.
Source: Santiment dataMoreover, it has more than 255,000 new addresses being created daily, which indicates the continuity in terms of adoption. If the Ethereum long-range prediction holds support between $2,050 and $2,080, a rebound toward $2,150 is likely. A breakout could target $2,300, while failure risks a retest near $2,000.
Will the US Clarity Act Decision Influence XRP’s Next Move?
XRP price slipped to $1.32, declining 3.39% over the past 24 hours amid a broader cryptocurrency market downturn.
Negative ETF flows and sluggish altcoin rotation further contributed to XRP’s short-term weakness.
The market perspective is still hesitant, with traders keeping watch on key support of around $1.31.
Source by TradingviewA rise above this point may lead to rebound to the range of $1.38 to $1.50. Nonetheless, a lower break can potentially lead to a retest of the area at $1.28, particularly before the decision of the act of clarity on Friday.
Source: https://coingape.com/markets/us-clarity-act-countdown-start-will-btc-eth-xrp-rally/
