Bitcoin rebounded to around $65,700 but struggled to extend gains as international oil prices and U.S. Treasury yields rose. Markets are watching next week’s U.S. congressional debate on the CLARITY bill and the Federal Open Market Committee meeting as key drivers of near-term direction. Expectations over the bill’s ethics provisions initially lifted prices, but momentum faded amid worsening U.S.-Iran tensions and profit-taking. The Fed’s signals on potential further rate hikes are also in focus.

Bitcoin rebounded after U.S. June inflation data came in below market expectations, but it has struggled to establish a clear direction amid renewed U.S.-Iran military clashes and rising oil prices. Comments from a hawkish Federal Reserve official added pressure, while President Donald Trump’s remarks about a possible peace deal with Iran helped limit losses. Analysts said oil prices and tech stock moves, including profit-taking after TSMC results, could shape near-term direction, along with upcoming big tech earnings and U.S. Senate scheduling for a Clarity bill vote.