Bitcoin shrugs off CLARITY Act delay by rallying above $93K

Bitcoin made new weekly highs above $93,000 despite a delay in the CLARITY Act legislation by US lawmakers. Can BTC hold its gains without a surge in ETF flows and retail investor demand?

Bitcoin’s (BTC) price made a new weekly high of $93,500 on Jan. 13 as lawmakers pushed back deliberations on the long-awaited CLARITY Act, a bill designed to define crypto market structure in the United States.

Key takeaways:

Bitcoin continues to rally despite the CLARITY Act markup being pushed to late January.

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