Bitcoin jumps 7% to $86,000 after US Senate blocks Clarity Act, ETF inflows surge

Cointurk2026/09/21 21:06

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Bitcoin surged over 6% and climbed above $85,000 on Monday, despite the US Senate’s decision last week to halt progress on the Digital Asset Market Clarity Act. The rebound demonstrated a swift return of buyers to the market, even as federal crypto legislation remained stalled.

Senate Vote Blocks Clarity Act Legislative Disagreements Remain ETF Inflows and Market Momentum Federal Reserve Rate Decision and Outlook

Senate Vote Blocks Clarity Act

On September 15, the Senate declined to advance the Clarity Act with a 49-50 vote, falling short of the 60 votes required for cloture. The proposed bill sought to establish clearer regulatory guidelines over digital assets and clarify jurisdiction between federal agencies overseeing the US crypto sector.

Following the failed vote, cryptocurrency prices initially dropped as investors responded to ongoing uncertainty over legislative oversight. However, Bitcoin staged a strong recovery, rising above previous support levels in a display of renewed confidence among buyers.

Legislative Disagreements Remain

The Clarity Act’s progress was hindered by persistent divisions among lawmakers. Democrats cited concerns regarding ethics provisions and potential conflicts involving the family interests of President Donald Trump in the crypto sector. Meanwhile, some Republicans also expressed internal disagreements, preventing the measure from advancing.

After last-minute revisions incorporating new ethics language, the bill continued to face resistance. The Senate retains the option to revisit the measure, as a motion to reconsider remains available, but the path forward appears uncertain amid ongoing partisan disputes.

Mini dictionary: Clarity Act, a proposed US bill aiming to clarify the regulatory framework for digital assets and enhance division of oversight among federal agencies. The bill seeks to reduce ambiguity in crypto market rules and set clearer boundaries between the SEC and CFTC.

Lawmakers remained deeply divided on ethics requirements and regulatory oversight, with both Democratic and Republican members unable to reach consensus on changes to the Clarity Act.

ETF Inflows and Market Momentum

As Bitcoin rebounded, demand for US spot Bitcoin ETFs returned. Spot ETFs collectively took in nearly $593 million in net inflows across Thursday and Friday after heavy outflows earlier in the week. Analysts view inflows into regulated Bitcoin products as an indication of renewed institutional interest.

Date Net Bitcoin ETF Inflows Bitcoin Price

Sept 17–18	$592.5 million	Above $85,000
Earlier in week	Heavy outflows	Below $80,000

Investor focus has shifted to ongoing ETF flows and market structure rulemaking in Washington. Market participants are closely monitoring these indicators for signs of sustained capital allocation into digital assets.

ETFs added close to $593 million in new investments in just two days, contributing to Bitcoin’s climb above $86,000 and highlighting the role of institutional flows in supporting the rally.

Federal Reserve Rate Decision and Outlook

Bitcoin’s rally also followed the Federal Reserve’s decision to increase its policy rate by 25 basis points last week. The central bank’s move did not prevent the cryptocurrency from maintaining support around $76,000 shortly after the announcement and moving higher as the week progressed.

With Bitcoin now trading well above levels from before the Senate vote, traders continue to track developments in US crypto policy, ETF inflows, and interest rate changes. Analysts suggest any renewed effort to advance market structure legislation in Washington could have further impact on sentiment and price action.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

SoftBank Group reported a net loss of 1.12 trillion yen in its second fiscal quarter, marking its first quarterly loss in nearly two years. The main reasons are the write-off of nearly $3.7 billion in advance payments due to adjustments in the procurement of power supply equipment for its AI data center in Ohio, USA, a shift of the Vision Fund from profit to loss, and a surge in the cost of high-debt financing. Since the June peak, SoftBank's share price has fallen more than 50%.

华尔街见闻•2026/11/10 08:16

Expanding computing power on one hand, grabbing spectrum on the other! Barclays optimistic about SpaceX (SPCX.US) acquiring T-Mobile: Complementary advantages of ground networks and Starlink

After Space's stock price rose for two consecutive days, Barclays stated that T-Mobile is the "cleanest" choice among SpaceX’s potential acquisition targets. Barclays considers Verizon a major unknown, while AT&T has the lowest strategic fit.

智通财经•2026/11/10 07:31

Will the Federal Reserve raise rates in December? Tonight's CPI will be the final verdict!

The October CPI data will be released tonight, with the market pricing in an 86% chance of a rate hike. Goldman Sachs predicts a core CPI month-on-month increase of only 0.16%, much lower than market expectations. However, statistical distortions in health insurance and declines in used car prices—these "soft factors"—are unlikely to be reflected in the core PCE, which the Federal Reserve places greater emphasis on. The data may trigger a relief rally, but it is unlikely to change the underlying hawkish sentiment.

华尔街见闻•2026/11/10 07:21

Will the Federal Reserve raise rates in December? Tonight's CPI will be the final verdict!

A 14x PE is not a bargain! Renowned wealth management CEO warns: If Nvidia (NVDA.US) earnings are revised down by 5%, its stock price could drop by 40%.

Ritholtz Wealth Management CEO Josh Brown questioned the idea that a 14x P/E ratio is a bargain and issued a warning: "If Nvidia's earnings over the next 12 months are revised down by 5% from our expectations, the stock could potentially drop by 40%."

智通财经•2026/11/10 06:51