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Bitcoin, Ethereum, XRP, Dogecoin Spike Amid CLARITY Act Optimism: Analytics Firm Explains Why BTC Investors Need Patience — 'Don't Overreact'

benzinga_article
Sep 15, 2026 at 02:04 AM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

Cryptocurrencies surged ahead of the Senate vote on the CLARITY Act, with Bitcoin reaching $79,568 and Ethereum rising above $2,600. Despite optimism, analytics firm Santiment advises patience, noting a shift to 'chase' mode and potential overheating as whale wallets reduced positions. Meanwhile, traditional stock markets declined due to AI safety concerns and expectations of a Federal Reserve rate hike.

Leading cryptocurrencies rose on Monday ahead of the much-anticipated Senate vote on cryptocurrency legislation.

Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:26 p.m. EDT)
Bitcoin (CRYPTO: BTC)+1.61%$77,980.69
Ethereum (CRYPTO: ETH)
               
+1.51%$2,517.43
XRP (CRYPTO: XRP)                         +5.77%$1.42
Solana (CRYPTO: SOL)                         +3.07%$102.50
Dogecoin (CRYPTO: DOGE)             +1.49%$0.08379

Crypto Market Rises

Bitcoin jumped to an intraday high of $79,568 before facing stiff resistance, even as trading volume more than doubled in the last 24 hours.

Ethereum spiked past $2,600, only to reverse course and retreat to the $2,500 region. Meanwhile, XRP and Dogecoin recorded sharp upticks.

Sen. Cynthia Lummis (R-Wyo.) said President Donald Trump agreed to additional ethics restrictions ahead of Tuesday’s CLARITY Act vote. Polymarket currently places the CLARITY Act’s passage odds at 18%.

Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 4.56% and 2.92%, respectively. 

Over $340 million was liquidated from the cryptocurrency market in the last 24 hours, mainly in bearish short positions, according to Coinglass data.

Bitcoin’s open interest spiked 1.84% in the last 24 hours, matching the increase in spot price. An increase in open interest, along with a price increase, typically indicates long positions are being built up.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:26 p.m. EDT)
Bedrock (BR)      +69.07%    $0.5346
Cap (CAP)                   +44.62%    $0.06890
Pons (PONS)              +22.37%    $0.6299

The global cryptocurrency market capitalization climbed to $2.65 trillion, up 1.02% over the last 24 hours.

Read Also:'Congress, Don't Pass The CLARITY Act:' NY Attorney General James Warns It Would 'Embolden Scammers'

Stocks in the Red

Major indexes kicked off the week with losses. The Dow Jones Industrial Average shed 152.09 points, or 0.29%, to end at 52,421.20. The S&P 500 slid 0.48% to end at 7,619.98, while the Nasdaq Composite dropped 0.56% to settle at 26,186.41.

AI safety fears spooked the market after Anthropic CEO Dario Amodei urged AI companies to slow advancements, following warnings from researchers about potential catastrophic risks. OpenAI CEO Sam Altman and Elon Musk endorsed his call.

Meanwhile, the CME Group’s FedWatch tool projected a 92% chance that the Federal Reserve will hike interest rates at the policy meeting starting Tuesday.

‘Stay Patient’ With Bitcoin, Says Analyst

On-chain analytics firm Santiment noted a shift in Bitcoin’s market sentiment from “caution” to “chase” mode.

The firm highlighted that whales holding 10-10,000 BTC reduced their positions by 0.20% over the past three weeks, while retail wallets “stopped dumping and slowly added.”

“This mix has often marked overheated local tops,” Santiment added. “Stay patient while Bitcoin’s market value stays in this $75,000 to $80,000 range, and don’t overreact.”

📈 Bitcoin has enjoyed some time above $80K the past 3 weeks. And our data indicates that the crowd’s mood has flipped fast from caution to chase mode.

🐳 10 to 10K $BTC key stakeholder wallets, known for correlating tightly with where prices go next, have used that hype window… pic.twitter.com/d2uluJDeH3

— Santiment Intelligence (@SantimentData) September 14, 2026

Leading chartist and on-chain researcher Ali Martinez highlighted that Ethereum, worth $350 million, was withdrawn from exchanges in the last 4 days, suggesting investors’ preference to hold rather than trade.

“With less ETH available on exchanges, potential sell-side pressure is declining, strengthening the case for a bullish breakout,” the analyst added.

$350 MILLION IN ETHEREUM LEAVES EXCHANGES

Over the past 96 hours, roughly 140,000 ETH, worth around $350 million, have been withdrawn from exchanges.

That suggests investors are increasingly choosing to hold rather than trade.

With less $ETH available on exchanges, potential… https://t.co/oEOq3ZsQzo pic.twitter.com/LXEormmk2p

— Ali Charts (@alicharts) September 14, 2026

Read Also:Coinbase Says Its Tokenized Stocks Set the Standard — But Nasdaq Is Backing a Rival

Photo Courtesy: vinnstock on Shutterstock.com

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