Bitcoin tracks equity bounce, but $390 million ETF outflow week keeps bulls on back foot

Bitcoin BTC$63,595.01 steadied above $63,000 on Monday, clawing back a fraction of last week's losses with a 0.8% gain since midnight UTC.

Without an obvious catalyst, the largest cryptocurrency appears to be tracking U.S. equities. Nasdaq 100 index futures are up 0.5% to their highest point since July 2.

Any positive reading will need to take into account last week’s net $390 million outflow from spot exchange-traded funds, including the first three-day stretch since the end of July. That was the largest weekly withdrawal from U.S. spot bitcoin products in six weeks.

Ether ETH$1,904.66 ETFs flows were limited, and solana (SOL) ETFs bucked the trend with their strongest weekly inflows since mid-May.

The bigger picture is the Clarity Act. Galaxy Research’s head of research, Alex Thorn, cut his odds of the landmark crypto bill becoming law in 2026 to roughly 10% on Aug. 14, joining prediction markets that now put the probability at around 17%. A cloture vote is scheduled for Sept. 15 when the Senate returns from recess, although market observers are expecting another delay.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.