Bitcoin and ether recorded slight declines, while XRP, associated with Ripple, dropped 5.5% over the week — the steepest loss among major cryptocurrencies — as the U.S. Senate left Washington without advancing the market structure bill.
Bitcoin traded near $64,300 on Friday, showing minimal movement both on the day and across the week, after lawmakers confirmed that the Clarity Act would not be considered before the August recess.
XRP emerged as the weakest major token, falling more than 2% on the day to $1.02 and 5.5% over the past seven days. Solana declined over 1% to about $73, bringing its weekly loss close to 2%. Dogecoin slipped nearly 1% to below $0.07, while ether remained largely unchanged at $1,897, edging slightly lower on the week. BNB held steady at $591, posting a weekly gain of around 1%. Hyperliquid’s HYPE dipped less than 1% to roughly $56 but still led major tokens with a 1.3% increase over seven days.
The proposed bill, intended to define which U.S. regulators oversee specific digital assets, requires 60 votes to pass. However, it is unclear if it currently has even simple majority support. Several Republican senators have publicly opposed it, while Democrats are pushing for stricter provisions to prevent President Donald Trump from profiting from crypto activities while in office.
Trump disclosed more than $1 billion in earnings from crypto ventures in 2025. Senate Majority Leader John Thune said a vote is expected in September, when lawmakers return on Sept. 14 with only three weeks to tackle a packed agenda that includes government funding and a Russia sanctions bill.
Spot bitcoin ETFs attracted roughly $626 million in inflows between Aug. 3 and Aug. 5, helping maintain support in the $63,000–$64,000 range but failing to push prices past resistance between $66,000 and $66,600.
Attention now turns to upcoming U.S. economic data, including the employment report and July inflation figures. The Federal Reserve kept interest rates steady at 3.50% to 3.75% in July, although three officials voted in favor of a hike. Strong labor data or persistent inflation could strengthen the case for tighter monetary policy, which typically weighs on bitcoin.
Despite steady inflows throughout the week, bitcoin has been unable to break above $66,000. Next week’s economic releases will likely determine whether it makes another attempt or falls back toward the $63,000 level.
