Bitcoin Consolidates After Strong Run

Dow Jones07-22 20:09

1209 GMT - Bitcoin edges marginally lower as it appears to be consolidating after a strong run since the start of the month, Trade Nation's David Morrison says in a note. Bitcoin has been supported by renewed institutional demand and has made gains even as the dollar resumed its rally on safe-haven demand as U.S.-Iran hostilities escalate, he says. In another boost to cryptocurrencies, U.S. Treasury Secretary Scott Bessent said Tuesday the Clarity Act digital assets regulation bill is on the "one-yard line" for passage in the Senate. Bitcoin falls 0.5% to $66,027 but stays near the five-week high of $66,919 reached on Tuesday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 08:09 ET (12:09 GMT)

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In another boost to cryptocurrencies, U.S. Treasury Secretary Scott Bessent said Tuesday the Clarity Act digital assets regulation bill is on the \"one-yard line\" for passage in the Senate. Bitcoin falls 0.5% to $66,027 but stays near the five-week high of $66,919 reached on Tuesday, LSEG data show. 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Bitcoin has been supported by renewed institutional demand and has made gains even as the dollar resumed its rally on safe-haven demand as U.S.-Iran hostilities escalate, he says. In another boost to cryptocurrencies, U.S. Treasury Secretary Scott Bessent said Tuesday the Clarity Act digital assets regulation bill is on the \"one-yard line\" for passage in the Senate. Bitcoin falls 0.5% to $66,027 but stays near the five-week high of $66,919 reached on Tuesday, LSEG data show. 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Bitcoin has been supported by renewed institutional demand and has made gains even as the dollar resumed its rally on safe-haven demand as U.S.-Iran hostilities escalate, he says. In another boost to cryptocurrencies, U.S. Treasury Secretary Scott Bessent said Tuesday the Clarity Act digital assets regulation bill is on the \"one-yard line\" for passage in the Senate. Bitcoin falls 0.5% to $66,027 but stays near the five-week high of $66,919 reached on Tuesday, LSEG data show.  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Bitcoin has been supported by renewed institutional demand and has made gains even as the dollar resumed its rally on safe-haven demand as U.S.-Iran hostilities escalate, he says. In another boost to cryptocurrencies, U.S. Treasury Secretary Scott Bessent said Tuesday the Clarity Act digital assets regulation bill is on the \"one-yard line\" for passage in the Senate. Bitcoin falls 0.5% to $66,027 but stays near the five-week high of $66,919 reached on Tuesday, LSEG data show. 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