Crypto Market Update: Catholic Leaders Oppose CLARITY Act Provisions
Here’s a quick recap of the crypto landscape for Wednesday (June 24) as of 10:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin price update
Bitcoin (BTC) was priced at US$59,822.39, down by 4.1 percent over the past 24 hours.
In an email, Bitfinex analysts said Friday’s (June 26) US$10.5 billion Bitcoin options expiry will provide a critical market reset: “The headline number most desks will quote is max pain at US$74,000, but that level is a distraction here. Max pain pulls price only when dealers are long gamma and hedge toward it, and Bitcoin is below the flip, so US$74,000 has no gravity. The expiry matters because it brings a reset of the positioning that has shaped the range.”
They warn that the US$60,000 put wall, which currently acts as a floor, will disappear post-expiry, leaving the price vulnerable to a downward cascade toward US$54,000 to US$56,000 if institutional spot demand remains weak.
Analysts at Yield Basis, a decentralized liquidity protocol, acknowledged that the Bitcoin price appears increasingly unresponsive to many of the catalysts that powered previous cycles.
They believe the next wave could come from institutional investors reallocating gains from artificial intelligence (AI) trades into Bitcoin as a diversification play, especially as concerns about overheated AI valuations grow.
Bitcoin price performance, June 24, 2026.
Chart via the Investing News Network.
Ether (ETH) was priced at US$1,580.61, trading 4.9 percent lower over the last 24 hours.
Today’s crypto news to know
Here’s a breakdown of today’s biggest news in the crypto and blockchain markets, including:
- Catholic leaders oppose CLARITY Act over trafficking safeguard provisions
- DOJ seizes Huione infrastructure linked to crypto laundering
- Senate passes anti-CBDC legislation
- Binance vows to remain in Europe despite imminent MiCA license failure
- Ethereum Foundation restructures
- Meta developing prediction market app
- MoneyGram becomes Solana validator
Catholic leaders oppose CLARITY Act over trafficking safeguard provisions
Close to 100 Catholic bishops and church leaders have sent a letter to the Senate opposing the CLARITY Act, arguing that a core provision would weaken federal safeguards against human trafficking and other financial crimes.
The letter, sent by the Alliance to End Human Trafficking (AEHT), is addressed to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer. Signatories include prominent religious leaders from the Sisters of Saint Joseph of Philadelphia, the Sisters of the Blessed Virgin Mary and the Congregation of Sisters of St. Agnes.
The group’s primary objection centers on Section 604 of the bill, which would codify the Blockchain Regulatory Certainty Act to establish that non-custodial blockchain software developers…
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