Bitcoin Holds Steady Around US$80,000; Bittime: Crypto Market Remains Resilient Amid CLARITY Act Uncertainty

Jakarta, September 24, 2026 - Bittime, a Digital Financial Asset Trader (PAKD) offering a 3-in-1 ecosystem of Spot, Staking, and Futures on a platform registered with and supervised by the Financial Services Authority (OJK), is observing the recovery of the crypto asset market after the United States Senate failed to advance the CLARITY Act. 

The Crypto Market Recovers

According to reporting from Reuters, the U.S. Senate failed to advance the CLARITY Act on September 15, 2026, after failing to reach the required threshold of 60 votes. The vote ended with 50 votes in favor and 49 against, while Bitcoin briefly corrected by around 4%.

Pressure was also visible in the derivatives market. According to data from CoinMarketCap, nearly US$500 million in long positions were liquidated as market pressure increased.

However, the market subsequently stabilized. As of September 18, Bitcoin was up 0.30% on a weekly basis and Ethereum 0.73%, while the global crypto market capitalization increased 1.14% to approximately US$2.66 trillion.

According to data from CoinMarketCap on Thursday (September 24, 2026) afternoon, Bitcoin was trading around US$84,000, down 3.01% over 24 hours but still up 10.13% over the past week. The previous day, Bitcoin had even risen to around US$86,000.

Bittime Operations Director Ryan Lymn said regulatory developments are one of the factors influencing sentiment, but not the only factor determining market movements.

“Regulatory developments can influence sentiment in the short term, but the market also considers liquidity, macroeconomic conditions, and market participant positioning,” Ryan said.

Market Participant Perspectives

Full-Time Trader Alexander Brian said the delay to the CLARITY Act means efforts to provide regulatory certainty for the U.S. crypto industry are still ongoing. According to reporting by AP News, the bill relates to a regulatory framework for the crypto market, which is valued at around US$2.3 trillion.

“The failure to advance the CLARITY Act at this time means efforts to provide legal certainty for the industry remain delayed. Regulatory uncertainty can be one factor influencing investor sentiment, although crypto price movements themselves are influenced by many other factors,” Alexander Brian said.

Bitcoin Remains Stable Around US$80,000

The recovery continued in the following week. According to The Block, Bitcoin broke above US$85,000 again on September 21, while more than US$750 million in crypto positions were liquidated over 24 hours, including approximately US$648.3 million in short positions.

Fund flows into U.S. spot Bitcoin ETFs also showed positive developments. The Block reported net inflows of approximately US$433 million on September 18.

As a PAKD registered with and supervised by OJK, Bittime reminds investors to understand the characteristics of crypto assets and consider the risks before conducting transactions 

“Crypto assets are highly volatile assets. Investors need to understand the assets being traded, follow market developments, and consider the risks before making transaction decisions,” Ryan said.

The development of the CLARITY Act shows that regulatory sentiment can influence the market in the short term, while crypto asset movements continue to be influenced by various factors, including liquidity, fund flows, positioning, and macroeconomic conditions.