The excitement in crypto has been cooling down this year, significantly, with Bitcoin (BTC +0.28%) falling by around 27% thus far in 2026. There is, however, reason for some cautious optimism around the leading cryptocurrency. It is, after all, still the largest digital currency by market cap, at around $1.3 trillion, and thus stands to benefit the most from crypto-related developments.
While it has struggled this year, it has also been showing signs of stability recently. Plus, there could be a catalyst around the corner. Is now a good time to load up on Bitcoin?
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Bitcoin’s been holding strong above $60,000
In early June, Bitcoin’s price briefly fell below $60,000, only to end up rallying higher. Staying above that level is an encouraging sign for crypto investors that there may be some strong support at around $60,000. The cryptocurrency has been steady and even rallying a bit since then, trading at more than $64,000 on Monday.
There could also be a positive catalyst coming soon for not only Bitcoin but the broader crypto market as a whole, and that’s the potential passing of the Clarity Act. It could get passed as early as this summer, as it has already reached the Senate floor. The Clarity Act is seen as a crucial bill for crypto, as it would create a framework for regulating digital assets and cryptocurrencies. Added regulation helps lend legitimacy to the industry, and that could, in turn, lead to more investment, particularly from larger institutional investors.
Today’s Change
(0.28%) $180.07
Current Price
$64338.00
Key Data Points
Market Cap
$1.3T
Day’s Range
$63232.00 – $65469.00
52wk Range
$59227.73 – $126079.89
Volume
28.3B
Is now a good time to buy Bitcoin?
Bitcoin has been holding fairly steady of late, but that doesn’t mean that it’s become a safer investment. Its valuation remains highly speculative and may be appropriate only for investors with a high tolerance for risk.
If the Clarity Act is delayed, it could trigger a fresh wave of bearishness that sends the cryptocurrency down further. Predicting what will happen with respect to government reform can be next to impossible, and if an investment’s value depends heavily on it, that may be a sign that your best option is to simply wait.
Bitcoin may be remaining above $60,000 for now, but that doesn’t mean it’s bottomed out. It’s a risky asset to be holding in your portfolio. And even if you do want exposure for the sake of diversification, you may only want to allocate a small percentage (e.g., less than 5%) of your portfolio to it to ensure your overall risk isn’t too high.