Bitcoin shrugs off CLARITY Act delay by rallying above $93K

Bitcoin has reached new weekly highs above $93,000, demonstrating resilience despite the delay of the CLARITY Act by U.S. lawmakers. This increase reignites investor interest, particularly with regard to ETF flows and retail demand. This week, the market witnessed a sharp rise in Bitcoin's price, with traders closely monitoring whether this bullish trend can be sustained. However, it is crucial to remain cautious, as some analysts believe that without significant ETF approvals, long-term upward movement may be challenging. Thus, while there may be interest in buying the dips, traders should exercise caution until the necessary conditions are met.