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CLARITY Act News: Trump Administration Confronts Banks Over Crypto Banking Access

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The CLARITY Act is back in the news again after Trump went on the offensive with US banks for blocking further progress

President Donald Trump has issued a direct warning to the banking industry: stop blocking crypto or face consequences. This came as the CLARITY Act is currently at a standstill, with the President now blaming the banks.

In a late Tuesday statement (March 3), Trump accused major financial institutions of undermining his administration’s digital asset agenda.

This news broke as the crypto market moved higher overnight, surging 2.6% and pushing the total crypto market cap over $2.4 trillion.

Bitcoin USD has surged in the European morning trading session, flying back above $71,000 with a +6% move, one of its best days in recent weeks.

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The CLARITY Act is back in the news again after Trump went on the offensive with US banks for blocking further progress
(SOURCE: TradingView)

The Battle for the Clarity Act: Trump Vs. The Banks

The immediate trigger for this confrontation is the stalled CLARITY Act. This market-structure bill, designed to reshape how digital assets are regulated in the US, passed the House last year but has hit a wall in the Senate.

Trump took to his Truth Social platform late on Tuesday to frame the delay as a national security failure:

“The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda,” Trump wrote. He argued that inaction would cede ground to China, framing the Trump crypto policy as vital to maintaining US financial dominance.

Banks are specifically opposing provisions that would allow crypto exchanges to pay yield to users holding stablecoins. Traditional finance institutions argue this could trigger a deposit flight, draining capital from retail bank crypto accounts into higher-yielding digital asset platforms.

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This follows the administration’s earlier legislative win, the Genius Act, signed in July. That law created a framework for issuers but remained silent on whether intermediaries could offer yield. The CLARITY Act aims to close that loop, and banks are scared.

EXPLORE: Best Crypto Presales to buy in 2026

Reversing Operation Choke Point

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The administration is not relying solely on legislation. The White House is actively moving to dismantle the legacy of Operation Choke Point 2.0.

This informal regulatory strategy, utilized during the previous administration under Joe Biden, pressured banks to sever ties with crypto clients under the guise of risk management.

On March 1, the OCC repealed Interpretive Letter #1179. This removed the requirement for banks to seek pre-approval before engaging in crypto activities. Yet, industry reports suggest that despite the regulatory green light, banks remain hesitant.

Trump’s latest comments signal he could be set to go on the offensive to push the CLARITY Act through once and for all. And by now, we all know what Donald wants; he seemingly gets it.

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The stakes for the industry are existential. Without reliable banking rails, crypto firms face higher operational costs and settlement risks. While the US struggles with basic access issues, other nations are integrating blockchain at the central bank level.

A similar contrast is evident globally, as the Bank of Japan explores blockchain-based reserve settlement, highlighting that traditional institutions elsewhere are adapting rather than obstructing.

As the CLARITY Act Nears, the Bitcoin Price Surges Past $70,000: What Next for BTC USD?

Bitcoin has resumed its rally, pumping more than 6% overnight and now trading at $71,200, even though sentiment across global equity markets remains risk-averse, as evidenced by falling precious metal prices.

There is a possibility that capital leaving the lagging silver market may be partially rotating into the surprisingly resilient BTC. Since the US attack on Iran, the Bitcoin price has risen by around 10%, after initially dropping to roughly $63,000 in the immediate aftermath.

At the same time, USD strength has not triggered declines in the crypto market, as it often does, potentially signaling renewed belief in crypto as a store-of-value amid growing global tensions.

BTC/USD now needs to hold above $70,000 to signal further upside. A loss here would signal weakness, and a drop back toward support at $66,000 becomes likely.

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However, holding $70,000 and a fresh injection of volume could see Bitcoin revisit its February high of $78,600. Macroeconomic news and volume are the two key indicators to watch when plotting BTC’s next move.

DISCOVER: Next Crypto to Explode in 2026

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Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation

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Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation

Why is crypto up today? Crypto progenitor Bitcoin (BTC) just staged a massive V-shaped recovery, reclaiming $71,000 hours after global headlines screamed war.

The weekend dip to $63,000, triggered by intensifying conflict involving Israel, the U.S., and Iran, looked like the start of a risk-off collapse.

It wasn’t. Instead, the market absorbed the shock, flushed the leverage, and kept buying. While traditional markets panicked over blocked supply lines in the Strait of Hormuz, crypto participants saw a discount. That matters. It signals a shift in market resilience that bears did not account for.

Discover: Crypto’s best pre-launch token sales.

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Bitcoin Price Action: Institutional Resilience Meets Geopolitical Risk

The drop was sharp, but the recovery was cleaner. When news of the escalation broke, leverage got flushed immediately.

On-chain analysis indicates supply exhaustion from sellers at the $63,000 mark. Exchange flows remained neutral to negative, suggesting coins were moving to cold storage rather than flooding order books. Regional data supports this. Iranian exchange outflows suggest local capital flight seeking safety in digital assets, while global desks treated the geopolitical risk as a liquidity event to fill bids.

Tagus Capital noted in a recent newsletter that Bitcoin is exhibiting “defensive characteristics” despite its high-beta reputation. Where gold retreated after a brief spike, Bitcoin stabilized and reversed. The smart money absorbed the selling pressure. No capitulation.

Bitcoin Price Prediction: $71,000 Reclaimed, Is $75,000 Next?

The chart is painting a clear invalidation of the bear case. Reclaiming $71,000 changes the market structure entirely. The $65,700 level has now flipped from previous resistance to a fortress of support. The V-shape recovery confirms demand at lower levels was stronger than the panic.

Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation
Bitcoin is entering a v-shape recovery. Source: TradingView

If Bitcoin holds above $70,500, the path to $74,000 opens up quickly. Clear that cleanly, and $75,000 is the next logical target. However, if the price loses $69,000, we likely re-test the weekend lows.

The current setup aligns with the VanEck macro bottom thesis, suggesting the $60,000-$63,000 zone was the final shakeout before the next leg up. Momentum indicators on the 4-hour chart have reset, giving bulls room to run.

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Discover: The hottest new crypto around.

Market Resilience: Why Crypto Outperformed Gold and Oil

Traditional safe havens reacted predictably to the conflict. Oil jumped 7% on supply fears. Gold added 2%. Yet, Bitcoin’s 12% bounce from the $63,000 lows outpaced them both. This decouples Bitcoin from the “risk-on only” narrative.

While altcoins like Cardano and Dogecoin are lagging behind Bitcoin, the broader crypto price prediction landscape is turning bullish.

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Billionaire Ray Dalio recently dismissed Bitcoin’s safe-haven status, yet the market ignored him. Bitcoin gained despite the war escalating. Institutional desks used the weekend gap, when traditional equity markets were closed, to bid on the asset that never sleeps.

The post Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation appeared first on Cryptonews.

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Exodus or firewall? Blockchain analysts clash over Iran’s crypto outflows

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Exodus or firewall? Blockchain analysts clash over Iran’s crypto outflows


When airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a “digital bank run” was ongoing. The reality may be more complex.

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Aster price forms inverse head and shoulders, $1.06 emerges

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Aster price forms inverse head and shoulders, $1.06 breakout target emerges - 1

Aster price is forming a potential inverse head and shoulders pattern, signaling a possible trend reversal. A confirmed breakout above $0.79 could trigger a bullish rally toward the $1.06 resistance target.

Summary

  • Inverse head and shoulders pattern forming
  • $0.79 neckline key breakout level
  • Breakout target projected near $1.06

Aster’s (ASTER) recent price action is beginning to show early signs of a structural reversal as a classic technical pattern emerges on the chart. After a prolonged corrective phase, the formation of an inverse head and shoulders pattern suggests that bullish momentum may be building beneath key resistance.

Aster price key technical points

  • Bullish Reversal Pattern: Inverse head and shoulders formation developing
  • Neckline Resistance: $0.79 acts as the key breakout level
  • Technical Target: Breakout projects a move toward $1.06 resistance
Aster price forms inverse head and shoulders, $1.06 breakout target emerges - 1
ASTERUSDT (4H) Chart, Source: TradingView

Aster’s current price structure closely resembles a classic inverse head and shoulders pattern, one of the most widely recognized bullish reversal formations in technical analysis. The chart shows a clear left shoulder, followed by a deeper head, and a developing right shoulder, indicating that selling pressure may gradually be weakening.

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The defining feature of this formation is the neckline resistance, which in this case sits near the $0.79 level. Historically, this region has acted as a strong barrier for price action. Previous attempts to break above this zone resulted in bearish reactions, highlighting the presence of significant supply at this level.

However, repeated tests of resistance often weaken selling pressure over time. Each time the market approaches the neckline, sellers must absorb additional buying demand. Eventually, this process can lead to a decisive breakout if buying pressure becomes strong enough to overwhelm supply.

For the inverse head and shoulders pattern to activate, Aster must break and close above the $0.79 neckline. Confirmation of the breakout would indicate that buyers have regained control of market structure, potentially triggering a new bullish expansion phase.

Once confirmed, the technical target for the pattern sits near $1.06. This projection is calculated by measuring the distance from the head to the neckline and extending that range above the breakout point. Interestingly, this level also aligns with the next high timeframe resistance zone, adding further technical significance to the target.

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Volume will play a crucial role in determining whether the breakout can succeed. Bullish continuation patterns typically require a noticeable increase in trading volume to confirm that market participation is expanding. Without strong volume support, breakouts can often fail and revert back into consolidation.

At the moment, the pattern remains unconfirmed, as price is still trading slightly below the neckline resistance. Until the $0.79 level is reclaimed on a closing basis, the inverse head and shoulders formation remains a developing setup rather than an activated signal.

From a market structure perspective, this consolidation beneath resistance may actually strengthen the potential breakout scenario. Prolonged compression below key levels often builds liquidity, which can lead to sharp expansion once the market resolves directionally.

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If the breakout occurs with strong momentum, the path toward $1.06 could open quickly as short sellers are forced to cover positions and buyers chase the move higher.

What to expect in the coming price action

Aster is approaching a critical technical inflection point at $0.79. A confirmed breakout above this neckline with strong volume would activate the inverse head and shoulders pattern and project a rally toward the $1.06 resistance zone.

However, failure to break this level could keep price consolidating below resistance until sufficient momentum builds for a decisive move.

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Bitcoin Weekly Death Cross Keeps the Bear Market Alive

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Bitcoin Weekly Death Cross Keeps the Bear Market Alive

A new Bitcoin death cross would ensure continuation of the bear market unless a “major bullish catalyst” appears, per new BTC price analysis.

Bitcoin (BTC) needs a “major bullish catalyst” to avoid canceling out its March rally, says the latest analysis.

Key points:

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  • New findings warn that short-term BTC price strength does not remove the risk of the bear market continuing.

  • Bitcoin faces plenty of overhead resistance in the mid-$70,000 zone.

  • A “death cross” formed of two weekly trend lines is still on course to confirm this week.

BTC price caught between multiple trend lines

In an X update on Wednesday, Keith Alan, cofounder of trading resource Material Indicators, warned that BTC price weakness was still present beyond low time frames.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin hit monthly highs of $73,019 at the day’s Wall Street open, continuing a rebound that accompanied renewed conflict in the Middle East.

While this quickly led to predictions of a bull market comeback and even new all-time highs, Alan was frank about the BTC price outlook.

“This is an important candle to watch on the $BTC chart,” he summarized. 

“On the surface, we’re seeing a short squeeze. From a technical perspective, this D candle is attempting to validate R/S Flips at the 21-Day SMA, the 2021 Top at $69k, and a Timescape Level at $71.3k.”

BTC/USD one-day chart. Source: Cointelegraph/TradingView

Alan referred to various key levels near the spot price, including the 21-day simple moving average (SMA) at around $67,550, per data from TradingView.

Also on the radar were the 50-day SMA at $76,350, along with the 21-week and 100-day SMA trend lines at $88,000 and $87,300, respectively.

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“If bulls can push price up from here I expect some friction around psychological resistance ~$75k, technical resistance at the $50-Day MA, and the next Timescape Level at $78.3k,” he continued. 

“A support test, sooner than later, would be healthy, but I’m not sure that the market is going to make it that easy on us.  However this develops, IMO, the longer it takes to grind up, the more durable the rally will likely be.”

Bitcoin death cross still due this weekly candle

As Cointelegraph reported, long-term price expectations for the current bear market favor a bottom at or below the $50,000 mark.

Related: ‘This is not World War III:’ Five things to know in Bitcoin this week

A return to BTC price downside, Alan warned, could come as soon as next week, thanks to a so-called “death cross” involving the 21-week and 100-week SMAs.

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BTC/USD one-week chart with 21, 100 SMA. Source: Cointelegraph/TradingView

A death cross occurs when the former trend line crosses below the latter, implying weaker recent price action compared to the longer-term trend.

“The caveat to that is the simple fact that next week we will print a death cross between the 21 and 100 Week MAs, and that will likely be a precursor to the next leg down unless we get a major bullish catalyst,” he concluded.