Clarity Act didn’t pass the Senate; #BTC instead jumped more than $6,000—looks undeniably strong.
But don’t rush to take “bad news doesn’t drop” as pure strength.
In the short term, the rally could also be short-covering, “buy-the-rumor, sell-the-fact” once the news hits, or a liquidity-driven move.
But don’t rush to take “bad news doesn’t drop” as pure strength.
In the short term, the rally could also be short-covering, “buy-the-rumor, sell-the-fact” once the news hits, or a liquidity-driven move.