Wednesday, July 22, 2026 | 🌙 U. S. Evening Market Update

Bitcoin is near $65,987 and slightly negative on the 24h read, as higher yields and softer equities offset a sharp decline in volatility. BTC is $64 above this morning’s Daily Pulse checklist. CLARITY Act ethics discussions and Coinbase’s Canada expansion plans keep crypto policy and market structure in focus. The key tension: Bitcoin is close to its morning checklist level despite a slightly negative 24h read, while policy questions and higher yields remain active. Market check: • BTC: $65,987 (24h: -0.45%) • BTC dominance: 56.7% • USD Index (USDX): 25.45 (-0.04%) • US 10Y: 4.63% (3 bps) • SPY: 747.41 (-0.12%) • VIX: 17.05 (-8.58%) Scenario watch: 🟢 Bull case: Bitcoin stabilizes as volatility stays contained and CLARITY Act discussions progress. ⚪ Base case: Bitcoin holds near current levels while ethics discussions remain unresolved. 🔴 Bear case: Higher yields, softer equities, or policy friction become the stronger near-term signals. Into the next cycle, we’re watching: • Asia/Tokyo: Whether Bitcoin holds near its current level through early liquidity. • London: Whether CLARITY Act ethics discussions remain the focus. • New York: Whether higher yields continue to coincide with softer equities and Bitcoin’s negative 24h read. Clean read for now: Bitcoin is near its morning checklist level, but policy and yield risk remain in view.