Bitcoin has recovered slightly after the massive losses it suffered last week. Let me remind you that on February 5, Bitcoin experienced its largest one-day drop, more than $10,000. Having briefly revisited the $60,000 level, the leading crypto has now bounced back to around $70,000, but buyers are reluctant to push it higher. Everyone is waiting for new good news — and perhaps that news will be the passage of CLARITY, which has been the main topic of conversation lately.

Last week, the US Treasury, led by Secretary Scott Bessent, said CLARITY is being considered as a foundational law on crypto market structure intended to become a cornerstone of a new regulatory landscape. CLARITY is viewed not as a set of piecemeal measures targeting individual tokens, but as a fundamental market-structure statute meant to bring clarity and predictability to an industry that has long operated in regulatory uncertainty.

One of CLARITY's key goals is to allocate authority among different regulators clearly. That would eliminate the gray area in which many digital assets have straddled the line between securities and commodities, creating legal uncertainty for market participants. The law aims to end the practice of regulating retroactively by lawsuits and after?the?fact penalties, instead providing clear rules of the game.

The bill places special emphasis on protecting community banks and the payments infrastructure related to stablecoins. This signals a desire to integrate digital assets into the existing financial system while ensuring safety and reliability for consumers and businesses. The Administration and Treasury are seeking a bipartisan compromise — a critically important factor for the bill's long?term success and durability.

The Treasury secretary recently said that together with another important legislative act, GENIUS, CLARITY should deliver the predictability that exchanges, issuers, and banks need to operate with confidence in cryptocurrencies. This synergy is intended to stimulate innovation, support market growth and ultimately bolster the United States' position as a leader in digital finance.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $72,100, which would open a direct path to $74,600 and then to $77,300. The farther target is around $78,500; breaking that would signal attempts to restore the bull market. In case of a decline, buyers are expected at $68,900. A move back below that area could quickly push BTC toward $64,300. The far downside target is $60,100.

Ethereum

A clear hold above $2,159 opens a direct path to $2,316. The farther target is around $2,466; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. In case of a decline, buyers are expected at $2,017. A move back below that area could quickly push ETH toward $1,861. The far downside target is $1,720.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.