Key Insights
- The crypto market will likely be volatile this week as investors react to key news.
- The Senate will have a markup of the CLARITY Act later this week.
- The US will publish the latest Consumer Price Index (CPI) data on Tuesday.
The crypto market remained on edge during the weekend as traders focused on some major news. Bitcoin was stuck at $90,000, while other tokens like Ethereum, XRP, and Solana werr barely moved. This article looks at some of the top crypto news to watch this week.
Senate Markup on the CLARITY Act Will Be the Main Crypto Market News
The most important crypto news this week will be in Washington. There, the Senate will have a markup session for the CLARITY Act.
A markup is a formal committee session where senators debate and amend proposals. These rewritten measures are then advanced to the full Senate for consideration.
The CLARITY Act is the second most significant crypto legislation to come to Congress after the GENIUS Act. It focused on stablecoins.
Its main goal is to separate regulatory duties between the SEC and the Commodity Futures Trading Commission (CFTC). Most people believe that the market structure bill will pass in the Senate, with odds on Polymarket rising to over 70%.
The bill comes at a time when the US has embraced a light-touch approach to the cryptocurrency industry. For example, the SEC has ended several lawsuits that were filed by Gary Gensler and his team.
It unveiled several measures to promote the industry actively. These steps align with Donald Trump’s goal of making the US the leading crypto market worldwide.
US Inflation Report
The other key crypto market news is coming from the United States. There, the Bureau of Labor Statistics (BLS) will publish the December consumer inflation report.
Economists polled by Reuters expect these numbers to show that inflation remained contained below the 3% level. The average estimate is that the headline CPI will come in at 2.6%, a sign that Donald Trump’s tariffs have had a mild impact on consumer prices.
There are odds that inflation will continue falling, as evidenced by the falling crude oil prices and mortgage rates. A lower inflation figure than expected will be bullish for the crypto market as it will raise the odds for more rate cuts by the Federal Reserve.
These numbers will come a few days after the US published a mixed jobs report. It showed that the economy created just 55k jobs in December, lower than the median estimate of 70k. At the same time, the unemployment rate dropped to 4.4%.
Top Token Unlocks this Week
Meanwhile, some cryptocurrencies will have large token unlocks this week. Starknet, a cryptocurrency with a market capitalization of $414 million, will unlock 163 million tokens worth $16 million on Wednesday
Sei, a top layer-1 network, will unlock 121 million tokens worth $14.7 million. On the other hand, Zebec Network will unlock tokens valued at over $3 million. Other tokens with large unlocks are Cronos, Aptos, Pump, and Ondo Finance.
In total, there will be unlocks worth over $1.15 billion. Token unlocks often lead to market volatility on the affected tokens as they increase the circulating supply.
SCOTUS Ruling on Donald Trump’s Tariffs
Stocks and crypto market traders will focus on the Supreme Court. It will announce its ruling on the legality of Donald Trump’s tariffs later this week.
The court was widely expected to deliver its ruling on Friday, but decided to skip it. Data on Polymarket shows that most traders expect that the court will rule the tariffs illegal.
Such a move will be a major setback for Donald Trump, who has used tariffs to force negotiations with other countries. Also, there are signs that these tariffs are working as inflation has been contained and the deficit has narrowed.
The crypto market may rally if the court rules the tariffs unconstitutional. However, the gains will likely be brief as Trump has more tools to use to implement the same tariffs. The challenge is that the process will be long.
The other top crypto news to watch will be on Bitcoin and altcoins ETF inflows, which have been under pressure recently. Bitcoin ETFs had outflows in the last four trading days, a sign that demand was waning.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
