Eyes on CLARITY Act Approval as a Bullish Catalyst for Crypto

Week of January 20 - 26, 2026

JPMorgan expects capital inflows into the crypto market to continue this year, following last year’s record high of USD 130 billion. The key driver is institutional investors rather than retail investors, supported by greater regulatory clarity from the CLARITY Act, which has helped boost institutional confidence in investing.

The U.S. Senate Banking Committee stated that although consideration of the U.S. Crypto Market Structure Bill has been postponed, negotiations among stakeholders are still ongoing, with new meetings being scheduled. One of the main points of contention is whether stablecoins should be allowed to offer yields.

Brian Armstrong, CEO of Coinbase, said that he has withdrawn support for the crypto market structure bill, or the CLARITY Act, arguing that it would do more harm than good to the industry. Bloomberg ETF analysts view this as a negative signal.

David Solomon, CEO of Goldman Sachs, said the firm is paying close attention to asset tokenization and CFTC-regulated prediction markets, and is evaluating how these areas could complement its core business.

Ethereum’s activity retention has nearly doubled over the past 30 days, rising from around 4 million to approximately 8 million wallet addresses. This growth has been driven mainly by new users entering the ecosystem.

Ethereum’s 7-day average daily transaction count has reached around 2.5 million transactions per day, marking an all-time high and more than doubling compared with last year. At the same time, user costs have fallen to record lows, directly resulting from a major system upgrade known as Fusaka in December 2025.

Last week, spot Bitcoin ETFs saw inflows of more than USD 1.2 billion, the highest level since October last year. Meanwhile, spot Ethereum ETFs recorded net inflows of USD 479 million, supporting a rise in prices.

Technical Analysis

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Bitcoin (BTC)

Bitcoin (BTC) has declined sharply, breaking its short-term uptrend. However, a medium-term recovery is still expected. A key support level for potential accumulation is at USD 86,500. If the price falls below this level, it would be advisable to pause investments. If BTC is able to hold above this support, the next resistance target is at USD 98,000.

Support: 2,700,000 THB / 86,500 USD
Resistance: 3,100,000 THB / 98,000 USD

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Ethereum (ETH)

Ethereum (ETH) is undergoing a pullback after a strong and sustained rally. A potential buying opportunity lies at the USD 2,900 support level. If ETH is able to hold above this level, the outlook remains positive, with upside potential toward the USD 3,400 resistance level.

Support: 87,500 THB / 2,900 USD
Resistance: 110,000 THB / 3,400 USD

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Axie Infinity (AXS)

Axie Infinity (AXS) posted a 121.08% gain over the past week. The price has surged sharply without clear fundamental developments, so caution is advised when trading. A potential buying area is at the USD 1.338 support level. If the price holds above this level, traders may look to take profit near the previous resistance at USD 2.262.

Support: 48 THB / 1.338 USD
Resistance: 72 THB / 2.262 USD

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Berachain (BERA)

Berachain (BERA) delivered a 46.23% gain over the past week. The price trend is showing signs of a bullish reversal. As long as the price holds above the USD 1.091 support level, a further recovery can still be expected, with a target resistance at USD 0.720.

Support: 20 THB / 0.720 USD
Resistance: 35 THB / 1.091 USD

Investment Trends

The CPI figure came in as expected at 2.7%, which is unlikely to have a direct impact on the Federal Open Market Committee’s (FOMC) interest rate policy decisions. However, the crypto market received positive momentum from U.S. technology stocks, which rallied on strong earnings from AI-related companies that continue to show solid growth.

Buying pressure from ETF investors has started to turn net positive again, while selling activity from long-term Bitcoin (BTC) holders has slowed. These factors continue to support prices. U.S. equity markets are also expected to enter a January Effect trend during earnings season, which could further support the crypto market, despite early-week pullbacks driven by geopolitical concerns.

On Thursday, January 22, 2026, U.S. Q3 GDP figures will be released, with growth expected at 4.3% compared with 3.8% in the previous quarter. If the data meets expectations, it would be positive for both equity and crypto markets.

Gaming and metaverse tokens saw speculative buying over the weekend. Investors should remain cautious, as supporting fundamentals are still unclear, and focus should remain on short-term speculation only.

Investment strategy: Investors may increase risk exposure, supported by confidence in the technology sector. However, periodic market pullbacks remain possible due to geopolitical risks and ongoing deliberations surrounding the CLARITY Act.

References

Disclaimers

Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
Past returns or performance of digital assets do not guarantee future returns or performance.

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.

Topics: Crypto Weekly