Grayscale analyzed in a report, "The passage of the CLARITY Act, a bill concerning the market structure of digital assets in the US, and the monetary policy of the Federal Reserve (Fed) are identified as key variables that will determine the future price of Bitcoin (BTC). If the CLARITY Act passes the Senate, MicroStrategy (MSTR) strengthens its financial structure, and the Fed postpones interest rate hikes, BTC may have already neared its bottom. Conversely, if the CLARITY Act does not pass this year, deleveraging by Digital Asset Treasury (DAT) firms continues, and the Fed raises interest rates due to inflation, BTC could experience further declines."
