Daily Crypto Roundup: Bitcoin Sell-Off, CLARITY Act Warning and Circle Crash

Bitcoin has recovered above $63,000, but traders warn that the recent sell-off from $65,000 may have exposed a deeper problem: thin trading volume and a lack of buyers rather than widespread panic selling.

In today’s Daily Crypto Roundup, we examine why the $60,000 level has become crucial, what weakening Bitcoin ETF demand could mean for the market and why Bernstein believes another leg lower is possible if the United States CLARITY Act stalls in Congress.

We also cover Circle shares falling after Morgan Stanley downgraded the company and slashed its price target from $106 to $38, Bitmine purchasing another 10,399 Ethereum despite billions of dollars in estimated unrealised losses, and American Bitcoin president Matt Prusak leaving the Trump-linked miner to join artificial-intelligence energy infrastructure company Giga Energy.

• Bitcoin’s fall from $65,000 blamed on thin volume rather than panic selling • Bernstein warns crypto could fall further if the CLARITY Act stalls • Morgan Stanley downgrades Circle and cuts its price target to $38 • Bitmine adds another 10,399 Ethereum to its enormous treasury • American Bitcoin president Matt Prusak departs for Giga Energy

We will see you at the top.