Professional Law Enforcement Group Backs Crypto's CLARITY Act, Adding Pressure Before August Recess

Bitcoin (BTC) is consolidating around the $64,000 level as traders assess whether the cryptocurrency can regain higher ground following a sharp pullback earlier in July. The market is closely watching for a potential range breakout, with price targets set between $68,000 and $69,000. Bitcoin analysis indicates that the current consolidation phase is critical in determining the next major trend in the cryptocurrency market.

The current consolidation phase follows the significant volatility that marked early July when Bitcoin experienced a substantial decline. Analysts are closely monitoring support and resistance levels, as a breakout above the current range could signal a resumption of the upward trend. Bitcoin market sentiment remains divided, with optimists betting on a recovery while cautious observers watch for potential further declines.

Bitget Wallet has just launched Assetback, an innovative cashback program that transforms your card into an automatic investment tool. Every purchase made with the Bitget Wallet Card can now be directly converted into bitcoin, physical gold, or tokenized stocks, creating a diversified portfolio without additional user effort. This initiative represents a pioneering fusion between traditional finance and the digital world, allowing ordinary consumers to build real assets while making daily purchases. The launch comes at a time of increasing cryptocurrency adoption in El Salvador, where the company hosted the announcement, and reflects the 'decentralized finance' (DeFi) trend of integrating traditional products with blockchain technology.

A recent survey by the Ontario Securities Commission (OSC) reveals that cryptocurrency ownership in Canada has surged to 25% in 2026, a significant increase from the 10% recorded in 2023. The study, which polled 2,360 Canadians aged 18 and over between December 2025 and January 2026, also found that 59% of respondents are aware of digital assets, indicating growing adoption and awareness of the cryptocurrency market in the country.

This growth in cryptocurrency ownership in Canada reflects a global trend of digital acceptance and a shift in risk perception within the sector. The OSC uses this data to anticipate emerging opportunities and risks, ensuring its regulatory approach protects investors while fostering fair and efficient markets. The research highlights the crucial role of financial institutions in educating investors and creating a safer, more transparent cryptocurrency ecosystem for Canadians.

The Court of Justice of Alagoas (TJAL) has made a landmark ruling, ordering the Bitcoin wallet Bitfy to return a customer's balance under penalty of fine. The decision, issued by Judge Gilvan de Santana Oliveira in the 9th Civil Court, marks a significant development for investor protection within Brazil's crypto ecosystem. This ruling could set precedents for other cases involving cryptocurrency wallets in Brazil, strengthening user rights and establishing greater accountability for companies in the sector. The case, obtained exclusively by Livecoins, demonstrates that Brazilian courts are increasingly equipped to handle disputes related to digital assets, which could bring more confidence and security to the country's cryptocurrency market.

Bitcoin displayed resilience by holding steady around $64,500 as the Fed's preferred PCE inflation metric recorded its first monthly drop in six years, triggering a relief rally in both stock and cryptocurrency markets. The Bitcoin price stability came as tensions in South Korea's semiconductor sector eased, combining with inflation data that met annual expectations, suggesting a potential moment of calm for investors following recent periods of volatility.