Cryptocurrency News: Wednesday, August 5, 2026 — Bitcoin Bounces Back to $64,000 as Market Awaits Resolution on the CLARITY Act
The cryptocurrency market approaches the midpoint of the week with cautious optimism. Bitcoin's price has risen to $64,000 — a peak not seen since late July — as two major sources of stress in recent days fade: the Coldcard hardware wallet exploit and sell-offs by the largest corporate BTC holder. However, the overall sentiment remains cautious: sentiment indicators stay in the 'extreme fear' zone, institutional flows are sluggish, and the fate of a key U.S. law governing the structure of the crypto market will be decided in the coming days. Let's review the latest cryptocurrency news, the quotes of the top-10 digital assets, and the main factors that will influence price movements between August 5, 2026, and the end of the week.
Key Updates for Wednesday Morning: Important Facts
- Bitcoin rose about 1.6% over the day, reaching an intraday high of $64,160 — its highest level since July 31 — and is consolidating around $63,800–63,900.
- Cardano reached a monthly high, remaining the best-performing asset in the top 100 based on weekly performance.
- U.S. spot Bitcoin ETFs ended last week with an outflow of $61.5 million, halting a three-week inflow streak.
- The market's probability of the CLARITY Act passing in 2026 has dropped to historical lows — around 37% compared to 82% in February.
- The Fear and Greed Index remains in the 'extreme fear' zone — around 28 points, with Bitcoin volatility remaining unusually low.
Bitcoin: Recovery to $64,000 Amid Paradoxically Low Volatility
The first cryptocurrency demonstrates resilience, which analysts consider to be the most informative signal at the moment: despite a stream of negative news — from the largest hardware wallet failure in history to uncertainty in Washington — BTC volatility remains contained, and dip buying is swift. Over the past 24 hours, prices rose from a low of $62,232 to $64,160, with market capitalization reaching $1.28 trillion.
The on-chain picture is moderately constructive: coins are continuously moving into long-term storage, while the supply held by short-term holders is hitting new lows. A restraining factor is the macro environment: real yields on long-term U.S. Treasury bonds have reached highs not seen since 2008, reducing the appeal of risky assets.
Technical benchmarks for the upcoming sessions:
- Support: $62,800–63,150, followed by $62,200 and the strategic zone at $61,750.
- Resistance: $64,200–64,900 (moving average cluster), then $66,500.
- Confirmation of reversal: a break above $67,400–69,000 — the cost zone for short-term holders.
CLARITY Act: Senate Has a Few Working Days Left
The central narrative for the week in the global digital asset market is the fate of the Digital Asset Market Clarity Act, which aims to establish a division of powers between the SEC and CFTC and formalize March's classification of 16 assets (including XRP, Ethereum, Solana, Cardano, and Dogecoin) as digital goods under federal law. The bill has passed the House of Representatives and both relevant Senate committees but has yet to be brought to a full Senate vote.
Time is almost up: the Senate’s working period concludes in the coming days, and if the vote is postponed, lawmakers won't return to the issue until mid-September. The stakes are high: major investment banks estimate that the law's passage could attract between $4 billion and $8 billion to the XRP segment alone in the first year, while asset managers are openly stating that they are holding back capital in anticipation of statutory clarity. The drop in market chances of the bill passing from 82% in February to approximately 37% today explains a significant part of the weakness seen in altcoins throughout 2026.
Institutional Flows: A Pause, but Not an Exodus
The behavior of large capital remains cautious. Key signals include:
- U.S. spot Bitcoin ETFs registered a weekly outflow of $61.5 million after three weeks of moderate inflows;
- The Tether (USDT) market cap has fallen to a minimum since October, with USDC also maintaining a downward trend — indicating a contraction of free liquidity in the market;
- Bitcoin sales by Strategy worth $216 million, which alarmed the market earlier this week, were technical in nature and, judging by price dynamics, were absorbed without significant impact;
- The segment of XRP funds continues to see inflows: since the launch of the first spot product in November 2025, they have exceeded $1.4 billion, with about 84% coming from retail investors.
Top 10 Cryptocurrencies: Current Quotes
The prices of leading digital assets as of the morning of August 5, 2026 (rounded):
- Bitcoin (BTC) — around $63,900; market cap $1.28 trillion.
- Ethereum (ETH) — around $1,870; market cap around $225 billion.
- Tether (USDT) — $1.00; cap at a low since October.
- XRP — around $1.08; the asset most sensitive to the fate of the CLARITY Act.
- BNB — trading significantly below January levels amidst the overall market correction.
- Solana (SOL) — about $73.9; continuing the rollout of the Alpenglow update.
- USD Coin (USDC) — $1.00.
- TRON (TRX) — around $0.34; key infrastructure for stablecoin settlements.
- Dogecoin (DOGE) — about $0.07; included in the SEC-CFTC list of digital goods.
- Hyperliquid (HYPE) — about $52; stabilizing after a weekly correction.
Altcoins: Cardano Confirms Leadership, Derivatives Revive
Cardano remains the standout success story of early August: ADA is trading in the $0.18–$0.19 range, reaching its monthly high after an approximately 11.5% gain over the week. The rally is supported by the escape of prices above the 50- and 100-day moving averages and ongoing updates to the ecosystem; futures market data indicate active, albeit largely hedged, positioning in ADA and ATOM — a sign of a resurgence in speculative interest in select altcoins.
Ethereum holds around $1,870 amid continued inflows into specialized funds. Solana is trading around $74: the network strengthens its fundamental case through leadership in the tokenization of real assets and an upcoming reduction in transaction finalization times to ~150 milliseconds. XRP is consolidating around $1.08 — the asset has lost 43% since the beginning of the year, and its fate is most heavily reliant on the legislative resolution in Washington.
Security: The Coldcard Crisis Subsides
Panic surrounding the Coldcard hardware wallet vulnerability, where hackers stole approximately 1,367 BTC, is gradually subsiding: the manufacturer has released emergency updates, and the rate of thefts has decreased. However, the incident has left a noticeable mark on trust in cold storage and strengthened arguments for diversification: multi-signature, distribution of funds across different types of wallets, and regular firmware updates are becoming the industry standard. The total losses in the industry from hacks in the first half of 2026 have exceeded $1 billion — a record high in the history of tracking.
Week's Calendar: Key Events
- By the end of the week — the last opportunity to bring the CLARITY Act to a vote in the U.S. Senate before the parliamentary recess.
- August 7 — publication of U.S. labor market data.
- August 8 — anticipated downward adjustment of Bitcoin network difficulty.
- August 12–13 — reports on consumer (CPI) and producer (PPI) inflation in the U.S., determining expectations for the Fed's September decision.
Conclusions for Investors
As of August 5, 2026, the cryptocurrency market presents a characteristic late-stage correction picture: negative news no longer pressure prices, dips are bought up, and select altcoins are showing leading dynamics. The anomalously low volatility of Bitcoin, amidst numerous reasons for sell-offs, indicates an exhaustion of sellers — an argument in favor of a thesis of forming a cycle bottom. The key crossroads in the coming days revolves around the CLARITY Act: bringing the law to a vote could trigger a relief rally in altcoins led by XRP, while a postponement to autumn will prolong the period of uncertainty. Technically, the situation will clarify with Bitcoin's breakout from the range: consolidation above $64,900 will open the path to $66,500–67,400, while falling below $62,800 will send the market back to defend August lows.
This material is for informational purposes only and does not constitute individual investment advice. Cryptocurrencies are a highly volatile asset class; when making investment decisions, assess the risks independently.
