On optimism over regulation of the U.S. cryptocurrency market structure bill, the Clarity Act, and gains on the New York stock market, the virtual asset market, including Bitcoin, rose slightly.
According to the global virtual asset market site CoinMarketCap on the 22nd, as of 8:09 a.m. that day, the price of Bitcoin was trading at $66,240, up 1.65% from 24 hours earlier. Ethereum, the No. 2 by market cap, was trading up 1% at $1,917. Ripple (XRP) was up 2.60% at $1.13, and Solana was trading up 0.44% at $77.83.
Bitcoin topped $66,000 for the first time in a month. On the 1st it fell to $58,000 but rebounded more than $8,000 over three weeks.
According to the virtual asset Blockchain platform CryptoQuant, the 60-day net accumulation by large investors holding from 1,000 BTC to 10,000 BTC increased to about 66,700 BTC. The U.S. consumer price index for June came in lower than market expectations, and reports that the White House agreed to key ethics provisions of the Clarity Act also appear to be driving gains in the virtual asset market.