Bitcoin holds above $65,000 as Senate delays CLARITY Act to the autumn

Bitcoin held above $65,000 as the US Senate broke for recess without passing the CLARITY Act, pushing consideration of the crypto market structure legislation into the autumn. Market commentary attributed the resilience less to Washington than to steady inflows into spot bitcoin exchange-traded funds and a weaker US dollar. Traders were also positioning around upcoming US inflation data and renewed tensions involving Iran, both of which have been driving broader risk sentiment. Separately, the mining community continued to debate BIP-110. Simple Mining, which operates machines through the Ocean pool, said it rejects the proposal despite the pool backing it by default, using Ocean's software option that allows individual miners to make their own choice.