US President Donald Trump gave the longest State of the Union tackle of almost 1 hour and 48 minutes. While the speech highlighted financial wins, border safety, tariffs, and insurance policies, Trump failed to say crypto, Bitcoin, or the long-awaited CLARITY Act.
BTC worth surged greater than 3% earlier than the speech in anticipation of hints about crypto regulatory progress, given Trump’s pro-crypto stance. However, BTC fell again beneath to $64,767 after the speech.
CLARITY Act Passing Odds Dip to 48% After Trump’s State of the Union Address
US President Donald Trump talked about a number of key subjects together with falling inflation, surging inventory markets, tax aid, and daring international coverage strikes throughout the State of the Union tackle.
However, Trump skipped point out of crypto solely, inflicting broader disappointment in the crypto market. The Crypto Market Structure invoice stays stalled in the Senate amid debates over stablecoin yields and improvement to merge the Banking Committee and the Agriculture Committee’s variations.
Prediction markets like Polymarket showed odds of the CLARITY Act signed into regulation in 2026 dropped to 47% after Trump’s speech.
Meanwhile, Kalshi information additionally indicated a droop in odds for the crypto market construction invoice changing into regulation, with a 36% likelihood of passing earlier than May 2026 and a 52% odds of passing earlier than June 2026.
The odds of the CLARITY Act getting signed into regulation earlier than 2027 have dropped to 66% as we speak, from 84.6% earlier this week.
As CoinGape reported earlier, the White House has sought to interrupt the stablecoin impasse tied to the CLARITY Act. March 1 is ready as the negotiation deadline to finalize phrases, whereas Ripple CEO Brad Garlinghouse says the regulation may move in April.
Bitcoin Plunges Below $65K Again
Bitcoin has plunged again beneath $65K after Trump didn’t point out it in the speech. The constructive sentiment throughout the State of the Union tackle briefly lifted the complete crypto market cap above $2.3 trillion. Notably, Glassnode and 10x Research warned a few deeper Bitcoin price crash in the coming days.
BTC worth is at present buying and selling at $64,864, up 2% over the previous 24 hours. The intraday high and low are $62,553 and $66,284, respectively. Trading quantity has additionally tanked 14% over the previous 24 hours.
Veteran dealer Peter Brandt highlighted a log scale BTC worth chart. It reveals Bitcoin is near testing the essential 9-year rising help line, with excessive possibilities of probably breaking down the stage.
BTC worth wants to carry and bounce from the $60,000 to keep away from a significant crash. Peter Brandt predicted the subsequent transfer in the direction of $58K lows.
