A key US crypto policy bill, the CLARITY Act, is now moving through its final 
stages in the Senate, with potential action tied to the Senate Banking 
Committee’s last markup expected in May. But Morgan Creek Capital CEO Mark 
Yusko says the legislation—despite broad praise from much of the crypto 
industry—could actually prolong the current downturn in digital assets. Bear 
Market Could Extend Beyond October In a YouTube interview with Paul Barron 
published Tuesday, Yusko described the CLARITY Act as “a horrible bill,” 
warning that if it passes, it would not trigger the bullish shift many 
investors are hoping for. Instead, he argued that bearish conditions could 
continue well beyond September and October. Yusko also questioned the 
motivations behind the bill, saying it appears to have been written by “big 
incumbents,” which he further clarified as large banks. Related Reading: 
Bitcoin Bottom At $63,000? Grayscale Research Flags Feb. 5 As This Cycle’s Low 
During the interview, the executive pointed to remarks attributed to Bank of 
America CEO Brian Moynihan, claiming the bank would “lose trillions of dollars 
of deposits” if customers were able to earn stablecoin yields. Yusko said this 
is exactly the kind of incentive that would push large financial institutions 
to resist competition, arguing that if people can earn yield in alternative 
places, they will move their capital. “There’s no mystery about it,” Yusko 
suggested, implying that big banks are signaling their priorities more openly 
than many expect. He also said he was confused by what he called a political 
reversal he noticed around Senator Cynthia Lummis. Yusko referenced her 
earlier support for President Trump’s strategic Bitcoin reserve plan, then 
contrasted it with her backing of the CLARITY Act. In his view, the shift 
doesn’t make sense in light of what many see as the bill’s likely direction. 
Lummis Rejects Further CLARITY Act Delays On Tuesday, Senator Thom Tillis told 
reporters that he doesn’t expect a CLARITY Act markup in April and said the 
committee should instead focus on May. If that is the case, the week of May 11 
would become the first possible window, especially since the Senate is 
scheduled to be in recess before then. Crypto In America reported that for a 
next-week markup to occur, the committee would need to notify members by this 
Friday. That notification reportedly has not happened, which the report ties 
to signals from the stablecoin-yield negotiation process. Related Reading: XRP 
Indicator Turns Bullish Again After 3 Months: What’s The Next Price Target? 
Lummis, however, has publicly pushed back on the idea of further delay in the 
CLARITY Act passage. In a statement to Crypto In America, she said, “Further 
delay is unacceptable.” She added that she is “really proud of the bipartisan 
progress we’ve made” and that she won’t allow colleagues to sacrifice 
substantive and good progress for what she described as the pursuit of a 
“perfect bill” that will never come. The pro-crypto Senator also warned that 
the “offshore risk is real” and that the window for action is closing. “It’s 
time to finally get this done,” she concluded. Featured image from OpenArt, 
chart from TradingView.com

CEO Calls CLARITY Act ‘Horrible Bill,’ Warns Of Prolonged Crypto Bear Market Ahead

Shares of American Bitcoin, the Trump family-linked mining company, surged 
approximately 12% on April 22 after the firm announced it had completed the 
deployment of 11,298 new ASIC miners at its Drumheller, Alberta site, 
expanding its active fleet to roughly…

American Bitcoin Stock Jumps 12% After Deploying 11,298 New Mining Machines

A $290 million exploit on KelpDAO&#8217;s cross-chain bridge on April 18, attributed 
by LayerZero to North Korea&#8217;s Lazarus Group, sent shockwaves through DeFi and 
erased more than $13 billion in total value locked across protocols within 48 
hours. Attackers drained…

The $290 Million KelpDAO Hack Linked to North Korea Wiped $13 Billion From DeFi in Two Days

Input Output (IO), the engineering organization behind Cardano, submitted nine 
treasury funding proposals on Wednesday totaling $38.9 million, nearly 50% 
less than the $97.5 million it requested from the community last year. Key 
Takeaways: Input Output submitted 9 Cardano treasury proposals totaling 
$38.9M, nearly 50% less than its 2026 ask. The Leios upgrade targets 1,000+ 
[…]

Cardano’s Leios Upgrade and Bitcoin DeFi Tool Pogun Headline Input Output’s 2026 Funding Slate

A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) 
next all-time high and potential market bottom. According to the analyst, 
BTC’s long-term price outlook could depend heavily on where its current market 
bottom forms. The analysis draws on historical cycle patterns and bear markets 
that preceded BTC’s explosive upward rallies. Based on these patterns, the 
expert projects that if BTC has found a bottom near $60,000, then the next 
likely top could be around $200,000. Bitcoin Cycle Analysis Points To Final 
Market Bottom Crypto market expert Ardi has shared a new outlook on X, 
examining Bitcoin’s long-term cycle behavior and the implications of a 
possible market bottom. He noted that over the last four market cycles, 
Bitcoin’s bottom-to-top expansion has steadily compressed, with each cycle 
delivering only about 40%-50% of the upside seen in the previous one. Related 
Reading: Analyst Says Bitcoin Is Going To $170,000: Here’s When To Buy And 
When To Sell For added emphasis, he explained that if the last cycle recorded 
a roughly 7-8x upside off the price bottom, then the next market cycle could 
statistically see a 3-4x upside, based on his 40-50% theory. This pattern 
suggests a maturing market with gradually declining exponential returns as 
adoption and market size increase. Mathematically, Ardi presents his 
predictive model for Bitcoin’s cycle bottom and peak as: Next cycle top ≈ this 
cycle bottom x (previous multiple x k) The previous multiple is estimated at 
7-8x from the 2022 bear market lows to the 2025 peak, while the k factor 
represents a historical diminishing factor of 0.4-0.5 derived from earlier 
Bitcoin cycles. Based on this framework, Ardi explained that if $60,000 is 
Bitcoin’s official bottom this cycle, then this level could serve as a key 
reference point for mapping the next phase of market development and potential 
bullish structure. Notably, BTC crashed to $60,000 earlier in February 2026 
after the U.S. and Israel launched strikes on Iran that same month, causing 
oil prices to skyrocket. This was the first time BTC reached this level after 
hitting an ATH above $126,000 in October 2025, although the cryptocurrency had 
been in a downtrend since that peak. BTC Cycle Model Projects $200,000 ATH 
Using the mathematical model, Ardi outlined that a $60,000 price floor would 
place Bitcoin’s next cycle base-case peak at $190,000 to $200,000. This zone 
is presented as the analyst’s expected outcome under normal diminishing 
returns conditions. The projection also includes a stronger extension phase, 
during which euphoric market momentum could push Bitcoin to $240,000, marking 
its true supercycle. Related Reading: Bitcoin Price Could See Another Crash, 
But What Is The Long-Term Prognosis? On the other hand, if the market bottom 
forms closer to $50,000, the cycle model will adjust lower, placing BTC’s base 
case peak near $160,000. Meanwhile, euphoric momentum could extend BTC toward 
the $200,000 region. Ardi emphasized that as long as the broader cycle 
structure remains intact, these projected ranges will continue to define where 
BTC’s next major bull rally could conclude. Featured image from Pixabay, chart 
from Tradingview.com

Cryptocurrency price in USD