Bitcoin hits $67K as US-Iran deal, Clarity Act, and…

Bitcoin climbed past $67,000 over three consecutive sessions — each up roughly 2% — as a confluence of macro and regulatory catalysts stacked up in the same week. The broadest immediate driver is the apparent US-Iran peace framework, with President Trump announcing the Strait of Hormuz is reopening and a formal signing expected in Switzerland by Friday. Risk assets across the board, including the S&P 500, moved higher on the news.

Why it matters

Three separate catalysts are converging in a short window. First, the Iran deal removes a geopolitical risk premium that had been suppressing energy prices and broader sentiment. Second, the first FOMC meeting under new Fed Chair Kevin Warsh arrives this week — markets expect no rate change, making it a low-volatility event that keeps the macro backdrop stable for risk assets. Third, and arguably most underpriced, is the Clarity Act: Galaxy Research now puts the odds of passage at 75%, with the week of August 3rd flagged as the likely date for Trump's signature. Charles Schwab's Adam Lynch noted the market has largely written the bill off — which is precisely why passage would be a surprise catalyst.

Market impact

Meanwhile, institutional accumulation continues at pace. Michael Saylor's Strategy added another 1,587 BTC ($100M deployed). Tom Lee's Bitwise added 76,000 ETH ($135M), now holding $9.9B in Ethereum with the vast majority staked — exchange reserves for both BTC and ETH are at historic lows, compressing available supply. BlackRock is launching a Bitcoin Premium Income ETF targeting 15–25% annual yield while capturing at least 70% of BTC upside. Standard Chartered's digital asset forecast puts Bitcoin at $500K and Ethereum at $40K by 2030, with Uniswap projected to 40x in five years.