Bitcoin price held above $64,900 as the crypto market gained 0.81% to $2.21 trillion over 24 hours. XRP price was trading at around $1.03 as the market rallied, while Ethereum was trading at near $1,915. Kalshi markets indicated Bitcoin could climb toward $68,000 during August.
In Washington, the Senate delayed the Digital Asset Market CLARITY Act vote until September 14. Majority Leader John Thune offered cloture on the motion to proceed. The process of filing starts the process of Senate consideration and brings the bill to a potential vote.
BREAKING: Senate Majority Leader Thune has officially filed cloture on the motion to proceed to the CLARITY Act.
The Senate is officially starting the process to advance the CLARITY Act toward a vote.
This is HUGE 🚀
— Crypto Rover (@cryptorover) August 8, 2026
Kalshi Traders Forecast $68K Bitcoin as August Market Optimism Strengthens
According to the latest forecast by Kalshi traders, the Bitcoin price may reach $68,000 in August. The prediction indicates that Bitcoin could continue to rally from recent declines this month and hit higher levels. This recent trading activity has resulted in the $68,000 forecast taking about $1,110 on the market at Kalshi.
The contract has already produced over $1.05 million in volume, indicating high interest in the August outlook of the Bitcoin price. Traders are showing cautious optimism, but market conditions are subject to change and the forecast might change rapidly. The $68,000 goal could depend on Bitcoin’s volatility, institutional inflows, and the general sentiment in the cryptocurrency market.
Bitcoin Price Prediction: Will BTC Break $65K This Weekend?
The BTC price jumped to $64,977, continuing its recovery trend with strong momentum on the four-hour chart. The BTC price is currently testing the $65,000 resistance zone, which has consistently held back recent rallies. A break above this would initiate a rally towards the higher $66,000 level.
Momentum indicators are still on the bull side, with RSI at 61.55, indicating mild recovery.
The MACD line is at 292.66, above the signal line at 275.15, and the histogram is above zero. That indicates potential additional upside should the price stay above the nearby $64,000 support.
The next upside target is about $65,500, then the significant $66,000 level as per the future Bitcoin outlook. If the $66,000 level is broken above, then the recent swing high around $66,500 will be exposed.
However, a rejection near $65,000 may drive the price of Bitcoin back to the next major short-term support at $64,000. If this test is followed by a more significant pullback, then $63,000 and $62,500 would be the next targets for the broader recovery structure to weaken.
Bitcoin ETFs Record $98.85 Million Inflows as Winning Streak Hits Five Days
Bitcoin ETFs recorded their second-best weekly inflow this year, adding 11,792 BTC worth about $754 million after weeks of outflows.
U.S. spot Bitcoin ETFs recorded $98.85 million in net inflows on August 7, extending their positive streak to five sessions. The total net asset value of all spot Bitcoin ETFs in the U.S. was estimated at $79.50 billion, per SoSoValue data.
U.S. spot Ethereum ETFs also attracted $49.60 million in net inflows on August 7. This was the fourth straight trading session with inflows into Ethereum ETFs, as institutional interest in crypto funds persists.
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