Bitcoin Trades Sideways Around $63,000 as Market Watches Clarity Act Progress [Crypto Briefing]

[Financial News] Bitcoin was holding around $63,000 on the 13th. The market is watching for signs of how quickly the Digital Asset Market Clarity Act may advance.
According to CoinMarketCap, Bitcoin was trading around $63,000 as of 10:20 a.m., up 0.02% from the previous day on a 24-hour basis. Over the past week, Bitcoin has risen 0.24%.
Bitcoin was trading at around 94 million won in the Korean won market. Based on Cryprice, the Korea premium stood at -0.97%.
The crypto market is closely watching the progress of the Clarity Act legislation. The United States Senate is set to resume work on the 13th local time, and House hearings will be held on the 15th and 16th. That has raised the possibility of progress on the bill. Some observers say that if no legislative progress is made during this period, passage this year will be difficult.
Sungwook Hong, a researcher at NH Investment & Securities, said, "Market attention will focus on whether the issues surrounding the Digital Asset Market Clarity Act can be resolved and brought to a Senate vote by the 7th of next month, before the United States Senate adjourns again." He added, "If that window passes, the chances of passage this year will become uncertain."
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 31 on the day, indicating "fear." The index ranges from 0 to 100. Values closer to 0 indicate "extreme fear," while values closer to 100 indicate "extreme greed."
At the same time, Ethereum was trading around $1,825, up 1.82% from the previous day. Ripple was trading around $1.08, down 0.50%.

yimsh0214@fnnews.com Im Sang-hyeok Reporter