Cryptocurrency News: Wednesday, 5 August 2026 – Bitcoin Bounces Back to $64,000 as Market Awaits Resolution on CLARITY Act
The cryptocurrency market approaches the mid-week mark with cautious optimism. The price of Bitcoin has risen to $64,000—its highest since the end of July—as two major sources of stress from recent days begin to dissipate: the exploit of Coldcard hardware wallets and the sales by the largest corporate holder of BTC. However, an overall cautious background persists: sentiment indicators remain in the "extreme fear" zone, institutional inflows are anemic, and the fate of a key US law regarding the crypto market structure is expected to be resolved in the coming days. In this article, we explore the latest cryptocurrency news, the prices of the top 10 digital assets, and the main factors that will determine price movements on 5 August 2026 and through the end of the week.
Key Highlights for Wednesday Morning
- Bitcoin gained about 1.6% over the past 24 hours, reaching an intraday high of $64,160—the highest level since 31 July—and is currently consolidating around $63,800–63,900.
- Cardano reached a monthly high, remaining the best-performing asset among the top 100 in terms of weekly dynamics.
- Spot Bitcoin ETFs in the US recorded an outflow of $61.5 million last week, halting a three-week inflow streak.
- The market probability of the CLARITY Act being passed in 2026 has fallen to historical lows—around 37% compared to 82% in February.
- The Fear and Greed Index remains in the "extreme fear" zone—around 28 points, while Bitcoin's volatility remains abnormally low.
Bitcoin: Recovery to $64,000 amid Paradoxically Low Volatility
The leading cryptocurrency demonstrates resilience, which analysts term the most informative signal of the moment: despite a torrent of negative news—from the largest hardware wallet failure in history to uncertainty in Washington—Bitcoin's volatility remains subdued, and dips are quickly being bought up. Over the past 24 hours, prices surged from a low of $62,232 to $64,160, with the asset's market capitalisation reaching $1.28 trillion.
On-chain metrics appear moderately constructive: coins continue to move into long-term storage, while the supply in the hands of short-term holders is hitting new lows. The overarching constraint is the macro environment: real yields on long-term US Treasury bonds have reached their highest levels since 2008, reducing the attractiveness of risk assets.
The technical outlook for the upcoming sessions is as follows:
- Support: $62,800–63,150, followed by $62,200 and the strategic zone of $61,750.
- Resistance: $64,200–64,900 (moving average cluster), then $66,500.
- Confirmation of a reversal: a break above $67,400–69,000—the cost basis zone for short-term holders.
CLARITY Act: Senate Has Few Working Days Left
The central storyline of the week for the global digital asset market is the fate of the Digital Asset Market Clarity Act, which aims to establish a division of powers between the SEC and CFTC and enshrine the March classification of 16 assets (including XRP, Ethereum, Solana, Cardano, and Dogecoin) as digital commodities into federal law. The bill has passed the House of Representatives and both relevant Senate committees, but has yet to be brought to a vote by the full chamber.
Time is running out: the Senate's working period will conclude in the coming days, and if postponed, lawmakers will not return to this issue until mid-September. The stakes are high: major investment banks estimate that the passage of this law could attract between $4 billion and $8 billion to the XRP fund segment alone in the first year, and asset managers publicly declare that they are holding capital in anticipation of statutory clarity. The drop in market odds for the law's passage from 82% in February to around 37% today explains a significant portion of the weakness observed in altcoins throughout 2026.
Institutional Flows: A Pause, but Not a Flight
The behaviour of large capital remains cautious. Key signals include:
- Spot Bitcoin ETFs in the US recorded a weekly outflow of $61.5 million following three weeks of moderate inflows;
- Tether (USDT) market capitalisation has fallen to its lowest level since October, and USDC also continues its downward trend—indicative of a tightening of free liquidity in the market;
- Sales of Bitcoin by Strategy totalling $216 million, which alarmed the market at the beginning of the week, were of a technical nature and appear to have been absorbed without consequence, as reflected in price dynamics;
- The XRP fund segment continues to stand out with inflows: since the launch of the first spot product in November 2025, inflows have exceeded $1.4 billion, with around 84% provided by retail investors.
Top 10 Cryptocurrencies: Current Prices
The prices of leading digital assets as of the morning of 5 August 2026 (rounded):
- Bitcoin (BTC) — approximately $63,900; market capitalisation $1.28 trillion.
- Ethereum (ETH) — approximately $1,870; market capitalisation around $225 billion.
- Tether (USDT) — $1.00; capitalisation at a low since October.
- XRP — approximately $1.08; an asset highly sensitive to the fate of the CLARITY Act.
- BNB — trading significantly below January levels amid an overall market correction.
- Solana (SOL) — approximately $73.9; the deployment of the Alpenglow update is ongoing.
- USD Coin (USDC) — $1.00.
- TRON (TRX) — approximately $0.34; key infrastructure for stablecoin settlements.
- Dogecoin (DOGE) — approximately $0.07; included in the SEC-CFTC list of digital commodities.
- Hyperliquid (HYPE) — approximately $52; stabilisation after a week of correction.
Altcoins: Cardano Confirms Leadership, Derivatives Revive
Cardano remains the central success story of early August: ADA trades around $0.18–0.19, having reached a monthly high after an approximately 11.5% increase over the week. The rally is supported by prices breaking above the 50- and 100-day moving averages and ongoing ecosystem updates; futures market data shows active, albeit largely hedged, positioning in ADA and ATOM—a sign of the return of speculative interest in select altcoins.
Ethereum holds around $1,870 amid continued inflows into specialised funds. Solana trades at $74: the network strengthens its fundamental case through leadership in the tokenisation of real assets and an upcoming reduction in transaction finalisation times to ~150 milliseconds. XRP consolidates around $1.08—the asset has lost 43% since the start of the year, and its fate is most heavily dependent on the legislative outcome in Washington.
Security: Coldcard Crisis Subsides
The panic surrounding the vulnerability of Coldcard hardware wallets, which resulted in hackers extracting around 1,367 BTC, is gradually subsiding: the manufacturer has issued emergency updates, and the rate of thefts has decreased. Nonetheless, the incident has left a significant impact on trust in "cold" storage and bolstered arguments for diversification: multi-signature, distribution of funds among various types of wallets, and regular firmware updates are becoming industry standards. The total losses in the industry from hacks for the first half of 2026 surpassed $1 billion—a record in the history of observations.
This Week's Calendar: Key Events
- By the end of the week — the last chance to bring the CLARITY Act to a vote in the US Senate before the parliamentary recess.
- 7 August — publication of data on the US labour market.
- 8 August — anticipated downward difficulty adjustment for the Bitcoin network.
- 12–13 August — reports on consumer (CPI) and producer (PPI) inflation in the US, which will set expectations for the Federal Reserve's September decision.
Conclusions for Investors
As of 5 August 2026, the cryptocurrency market exhibits a characteristic picture of late-stage correction: negative news is no longer pushing prices down, dips are being bought, and certain altcoins are showing leading dynamics. Bitcoin's abnormally low volatility amidst an abundance of reasons for selling indicates the exhaustion of sellers—supporting the thesis of a market bottom formation. The key inflection point in the coming days is the CLARITY Act: putting the bill to a vote could trigger a relief rally in altcoins led by XRP, while postponing it until autumn would extend the uncertainty period. Technically, the situation hinges on Bitcoin's breakout from its range: a consolidation above $64,900 would open the way to $66,500–67,400, whereas a loss of $62,800 would bring the market back to defend August's lows.
This material is for informational purposes only and does not constitute individual investment advice. Cryptocurrencies are a highly volatile asset class; assess risks independently when making investment decisions.
