Santiment warned that the crypto market “typically” moves against crowd expectations, pointing to a recent rise in bullish sentiment driven by renewed momentum around the US CLARITY Act.
Sentiment around Bitcoin’s near-term price direction has picked up as momentum builds behind the US CLARITY Act, which aims to provide the crypto industry with greater regulatory clarity, according to crypto sentiment platform Santiment.
“Bitcoin has seen a major spike of euphoria across social media following news that the Senate Banking Committee advanced the CLARITY Act in a 15–9 bipartisan vote,” Santiment said in an X post on Friday.
“This brings BTC and crypto one step closer to being ultimately passed,” Santiment said.
