Bitcoin steadies above $63,000 as ETF outflows and Clarity Act odds weigh

Bitcoin held above $63,000 on Monday after recovering a small part of last week’s losses, rising 0.8% since midnight UTC to $63,558.97. With no clear crypto-specific catalyst, the move appeared to track stronger U.S. equity sentiment as Nasdaq 100 index futures climbed 0.5% to their highest level since July 2. The rebound comes against a weaker fund-flow backdrop: U.S. spot bitcoin ETFs recorded net weekly outflows of $390 million, the largest withdrawal in six weeks, including the first three-day outflow streak since the end of July. Ether ETF flows were muted, while solana ETFs posted their strongest weekly inflows since mid-May. Broader attention remains on the Clarity Act, a crypto market structure bill, after Galaxy Research head of research Alex Thorn cut his estimate for the bill becoming law in 2026 to roughly 10% on Aug. 14. Prediction markets are implying about 17% odds, and although a cloture vote is scheduled for Sept. 15 when the Senate returns from recess, market observers expect another delay.

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