White House adviser Patrick Witt defends the CLARITY Act as lawmakers race to 
pass crypto rules despite police concerns before midterms now.

White House adviser Patrick Witt defends the CLARITY Act as lawmakers race to pass crypto rules despite police concerns before midterms now.

CLARITY Act fight heats up as Witt defends crypto crime rules

Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market&#8217;s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness in a historical context that spans the entirety of Bitcoin&#8217;s market cycle history. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels The 30-day moving average of Bitcoin&#8217;s hashrate has turned downward alongside the price decline. Woominkyu frames the significance of that development with a precision that separates it from routine data monitoring. Hashrate is not simply a network metric — it represents the physical security layer of the Bitcoin network and the proof that miners are committing real energy and real capital to defend the current price level. When the 30-day hashrate average turns down alongside price, it reflects genuine stress in the mining ecosystem rather than a statistical fluctuation. The historical context Woominkyu provides is the framework that prevents the current signal from generating either panic or dismissal. Hashrate pullbacks are not unprecedented — they are a documented and recurring feature of Bitcoin&#8217;s market cycle behavior. The 2021 China mining ban produced a 43% decline. The 2018 bear market produced a 28% contraction. The 2022 cycle, the 2024 halving, and a late 2025 pullback each produced their own measurable hashrate compressions. In every case, these declines clustered around cycle bottoms — the moments when inefficient miners capitulated and the network contracted before recovering stronger. A Modest Hashrate Dip With Miners Still Holding Woominkyu&#8217;s quantification of the current hashrate decline places it in the correct historical category immediately. The seven-day decline sits at approximately -6.6% while the 30-day reading shows a -3.0% contraction — figures that are meaningful enough to register as a genuine signal but remain far shallower than the capitulation events that have historically marked cycle bottoms. The 2021 China ban produced a 43% decline. The current reading is a fraction of that scale. Bitcoin Hashrate | Source: CryptoQuant The difficulty data adds the marginal pressure context. Difficulty remains +4.9% on a 30-day basis — meaning miners are operating against tightening economics even as hashrate begins to pull back. That combination of rising difficulty and declining hashrate describes squeezed margins rather than comfortable profitability. What prevents the current setup from becoming alarming is the miner reserve data. Reserves are nearly flat — miners are holding their Bitcoin rather than sending it to exchanges for sale. The stress is present in the economics but has not yet converted into the forced distribution behavior that characterizes genuine capitulation events. The level Woominkyu identifies as the threshold between caution and concern is specific. A -3% dip that stabilizes and reverses fits the shallow correction pattern. A deepening toward the -10% to -40% drawdowns of previous cycle bottoms would shift the signal from a routine margin squeeze into something that historically precedes more significant market structure changes. For now, the data supports the former reading — worth monitoring carefully but not yet warranting the alarm that the historical comparisons might initially suggest. Related Reading: Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level Bitcoin Loses Key Support: $60K Zone Now In Focus Bitcoin remains under intense selling pressure after breaking decisively below the critical $65,000-$66,000 support zone that had contained price action since the February capitulation low. The daily chart shows a sharp acceleration to the downside, with BTC trading near $63,100 after a violent rejection from the $73,000 resistance area earlier this week. BTC testing critical support level | Source: BTCUSDT chart on TradingView The breakdown is technically significant because it invalidates the higher-low structure that supported the recovery from April through May. Price has now fallen below the 50-day, 100-day, and 200-day moving averages, confirming a bearish market structure across all major trend indicators. Volume has also expanded noticeably during the decline, suggesting the move is being driven by aggressive selling rather than a lack of buyers. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details The most important level now sits between $62,000 and $64,500, highlighted by the lower demand zone on the chart. This area acted as support during the February washout and represents the last major defense before Bitcoin potentially targets the psychological $60,000 level. A sustained break below this zone would expose the February lows near $61,000 and could trigger another wave of capitulation. For bulls, the immediate objective is reclaiming $65,000. However, the former support zone between $65,000 and $66,000 has now become resistance. Until BTC can recover that area, momentum remains firmly in favor of sellers, with downside risk continuing to dominate the short-term outlook. Featured image from ChatGPT, chart from TradingView.com

Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market&#8217;s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness &#8230;

Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K

The EU&#8217;s Basel III rules may reshape global banking dynamics, potentially 
influencing capital allocation and regulatory strategies worldwide.
The post EU finalizes Basel III banking rules to enhance competitiveness 
against US and UK rivals appeared first on Crypto Briefing.

The EU&#8217;s Basel III rules may reshape global banking dynamics, potentially influencing capital allocation and regulatory strategies worldwide. The post EU finalizes Basel III banking rules to enhance competitiveness against US and UK rivals appeared first on Crypto Briefing.

EU finalizes Basel III banking rules to enhance competitiveness against US and UK rivals

Nvidia&#8217;s strategic engagement in South Korea enhances supply chain resilience 
and strengthens its position in the global AI market.
The post Nvidia CEO Jensen Huang promotes AI ties in South Korea with TV and 
baseball appearances appeared first on Crypto Briefing.

Nvidia&#8217;s strategic engagement in South Korea enhances supply chain resilience and strengthens its position in the global AI market. The post Nvidia CEO Jensen Huang promotes AI ties in South Korea with TV and baseball appearances appeared first on Crypto Briefing.

Nvidia CEO Jensen Huang promotes AI ties in South Korea with TV and baseball appearances

QuickSwap&#8217;s expansion to Base could redefine its market position, potentially 
enhancing investor confidence through multi-chain growth and MEV strategies.
The post QuickSwap expands DeFi services by building on Base appeared first on 
Crypto Briefing.

QuickSwap&#8217;s expansion to Base could redefine its market position, potentially enhancing investor confidence through multi-chain growth and MEV strategies. The post QuickSwap expands DeFi services by building on Base appeared first on Crypto Briefing.

QuickSwap expands DeFi services by building on Base

The Trump Administration has proposed imposing 25% tariffs on Brazilian goods 
under Section 301 of the Trade Act of 1974. The investigation alleges that 
Brazil “has unfairly disadvantaged U.S. companies engaged in competing 
electronic payment services” by promoting Pix. Brazil Faces 25% Tariffs For 
Establishing Pix Pix, Brazil’s flagship instant payment system, has returned 
to […]

The Trump Administration has proposed imposing 25% tariffs on Brazilian goods under Section 301 of the Trade Act of 1974. The investigation alleges that Brazil “has unfairly disadvantaged U.S. companies engaged in competing electronic payment services” by promoting Pix. Brazil Faces 25% Tariffs For Establishing Pix Pix, Brazil’s flagship instant payment system, has returned to &#8230;

CLARITY Act fight heats up as Witt defends crypto crime rules

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