We’re Back, U.S. crypto policy remains in focus Bitcoin holds gains above $64,000

Bitcoin held above $64,000 on Saturday as the world’s largest cryptocurrency extended its recovery from this week’s slide toward $61,000, with investors continuing to digest fresh U.S. regulatory developments, growing institutional adoption and expectations that the cryptocurrency’s next bull market could deliver steadier, rather than explosive, gains.

The world’s leading cryptocurrency was trading at $64,197.6 as of 13:15 ET (17:15 GMT), up 0.60% on the day after touching an intraday high of $64,489.8.

A major policy development came as a four-year ban on a U.S. central bank digital currency (CBDC) was set to take effect under a housing bill automatically becoming law after President Donald Trump declined to sign or veto it.

The restriction prevents the Federal Reserve from issuing a digital dollar through the end of 2030, removing what many in the crypto industry have viewed as a potential competitor to privately issued stablecoins.

Attention also remained on broader digital asset legislation after Trump’s decision not to sign the housing bill raised questions about whether the proposed Digital Asset Market Clarity Act could face political delays if it reaches the White House later this year.