Bitcoin ETF Inflows Return as Clarity Act Odds Jump | Daily Crypto Roundup

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Welcome back to the Daily Crypto Roundup. Bitcoin is pushing towards $67,000.
XRP has broken out of a major technical pattern, and money is finally moving back into the Bitcoin exchange-traded funds. But this rally now faces its first serious test. Bitcoin is approaching a level that could decide whether this recovery accelerates towards $70,000 or gets rejected back into the low $60,000 range.
At the same time, the risk of further escalation between Iran and the United States is hanging over global markets. We have also seen a major breakthrough reported in negotiations over the Clarity Act. Russia has passed its first comprehensive cryptocurrency law, and a new company has raised $180 million to build what it believes could become the clearing bank for the stablecoin and artificial intelligence era. And Cathie Wood has made another enormous bet, this time buying more than $20 million of SpaceX shares immediately before the stock jumped. Before we get into everything, make sure you are following the podcast so you do not miss the Daily Crypto Roundup or our Daily Crypto Deep Dive. And if you have been listening regularly, leaving a rating takes a few seconds, but makes an enormous difference to the growth of the show. Looking at the market, Bitcoin is trading at approximately $66,500 after gaining close to 2% over the past 24 hours. Ethereum is around $1,925.
XRP is at approximately $1.15.
BNB is trading close to $574. And Solana is just under $78.
Cardano has been one of the stronger performers, rising more than 4% to approximately $0.17.
Chainlink is trading near $8.67, while Hyperliquid is slightly lower at around $61.50.
The biggest development supporting Bitcoin's recovery is the return of institutional buying through the United States spot Bitcoin Exchange traded funds. The funds received approximately $227 million of net inflows on July 20th. That made it five consecutive trading days of positive inflows. The longest continuous run since late April. Across those five days, investors have put approximately $727 million into the Bitcoin funds. That matters because Exchange Traded Fund demand had been one of the missing pieces during the recent market weakness.
Bitcoin had been dealing with repeated institutional outflows while technology stocks were also being sold. Bitcoin Exchange Traded Fund assets have now recovered to approximately $79 billion.
After falling to around $75 billion earlier in July, the Ethereum Exchange Traded Funds also recorded approximately $38 million of inflows, with BlackRock's Ethereum Fund responsible for around $34 million of that total. One day of inflows can easily be dismissed as noise, but when money continues arriving for five consecutive sessions, it begins to look like institutions are rebuilding their positions rather than simply buying one temporary dip. The next question is whether those inflows continue as Bitcoin approaches resistance. Bitcoin briefly climbed above $66,900 and is now testing an important Fibonacci retracement level at approximately $67,257.
A confirmed daily close above that area could potentially open the route toward $70,165.
Beyond that, the next major technical level highlighted by analysts is around $73,073.
Momentum indicators are improving. Bitcoin's relative strength index has moved above 60, but it remains below the level normally considered overbought. That suggests the rally still has room to continue, but buyers need to prove they can push through resistance. A rejection around $67,000 would leave Bitcoin vulnerable to another move back towards approximately $63,100.
So this is where the market becomes interesting. Bitcoin is no longer simply bouncing from the lows. It is now being asked to break a level that could turn the bounce into something much more substantial. XRP is also producing a potentially important technical signal. XRP has broken above the descending boundary of a symmetrical triangle after several weeks of tightening price action. That breakout has produced a potential technical target around $1.30, with a further target near $1.37 if the momentum continues. However, as always, a breakout is not guaranteed simply because a line on a chart has been crossed. XRP needs to hold above the previous triangle resistance and attract enough volume to prevent the move becoming another breakout. The improvement in sentiment has also been helped by fresh reports surrounding the Clarity Act. Polymarket traders increased the probability of the legislation becoming law during 2026 from approximately 32% on Friday to 43%, following reports that President Donald Trump had agreed to some form of ethics provision. Later market updates placed the probability closer to 50%.
The ethics dispute has reportedly been the final major obstacle preventing the bill from moving forward. Democrats have raised concerns about how much senior political figures should be permitted to profit from cryptocurrency while holding office. Those concerns have been intensified by Trump's involvement with meme coins and his family's stake in World Liberty Financial. A preliminary agreement has reportedly been reached, but this remains extremely important. The final legislative text had not been publicly released, and Democrats involved in the negotiations had not yet seen it. So the market is reacting to reports of progress rather than a completed agreement. The Clarity Act would create a much more comprehensive federal framework for the United States cryptocurrency industry and divide regulatory responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. That could finally provide clearer rules for exchanges, token issuers, and other cryptocurrency businesses that have spent years operating under regulatory uncertainty. Coinbase and Circle shares both climbed approximately 9% as investors reacted to the reported progress. Other cryptocurrency related companies, including Gemini, Galaxy Digital and Bullish, also recorded gains. The market is effectively trying to price in the possibility that the United States is getting closer to passing the legislation the industry has demanded for years. But we should not get ahead of ourselves. A prediction market probability of approximately 50% is not certainty. It is essentially the market saying the bill now has a realistic chance, rather than declaring that it is definitely happening. A quick reminder that storing cryptocurrency on an exchange is not the same as controlling it yourself. A hardware wallet such as Ledger allows you to hold the private keys rather than relying entirely on a third party. Link in the description. While the United States debates its regulatory framework, Russia has now passed its own comprehensive cryptocurrency law. Russia's state Duma has approved legislation establishing legal rules for cryptocurrency exchanges, depositories, brokers, asset managers, mining companies and clearing houses. Most of the rules are expected to take effect on September 1st. Only organizations included on a special registry will eventually be allowed to operate cryptocurrency exchanges, although existing businesses have been given until July 1st, 2027, to complete registration. Retail investors will be allowed to purchase the most liquid cryptocurrencies through licensed intermediaries, but purchases will be limited to the equivalent of approximately $3,800 per year through each intermediary. Qualified investors will be permitted to purchase a wider range of cryptocurrencies without the same restrictions. Russia is not suddenly allowing Bitcoin to become everyday money. Cryptocurrency will remain prohibited as a payment method for ordinary goods and services inside the country.