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Trump disclosed more than $1 billion in income from his crypto ventures in 2025. Senate Majority Leader John Thune said a vote would come in September, when lawmakers return on Sept. 14 with three weeks to work through a backlog that also includes government funding and a Russia sanctions bill.
Spot bitcoin funds took in about $626 million between Aug. 3 and Aug. 5, enough to defend the $63,000 to $64,000 area but not enough to push through resistance between $66,000 and $66,600.
Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates at 3.50% to 3.75% in July, though three officials voted to raise them. A strong jobs number or sticky inflation would strengthen the case for tighter policy, which typically weighs on bitcoin.
Bitcoin has not managed to break $66,000 even with money coming in all week. Next week’s jobs and inflation reports decide whether it gets another try or slips back toward $63,000.