Cardano notched a second straight week of double-digit gains, touching $0.211 — a level not seen since June 4 — while XRP became the only top-10 token to close the week lower. Bitcoin also reclaimed $65,000, even as the U.S. Senate's delay of the CLARITY Act removed a catalyst traders had been counting on.
Cardano Hits Its Highest Level Since June
Cardano was the standout mover of the week, rallying from $0.174 to $0.211 on Aug. 6 — a level not seen since June 4. The move marked ADA's second consecutive week of double-digit gains, driven by news of a strategic integration between Cardano and the Injective protocol. Despite the breakout, ADA remains down nearly 30% over the past 90 days.
Bitcoin backed the broader rally, too. It gained more than 3% over seven days, climbing from $62,721 to a Friday peak just above $65,300 and pushing its market cap back past $1.3 trillion. It secured those gains despite regulatory headwinds after the U.S. Senate failed to pass the CLARITY Act.
XRP Breaks From the Rally
XRP moved the other way, sliding below $1.02 on Aug. 7 to finish the week down 1.5% — the sole top-10 digital asset to post a weekly loss. Stellar also retreated, down 3.3%. CRO, SHIB and ONDO posted steeper declines of 9%, 8.8% and 8% respectively.
Elsewhere, sentiment stayed mostly positive. Privacy coins ZEC and XMR jumped 8% and 7%. BNB rose 5% to reclaim the $600 level, with SOL and HYPE posting similar gains.
A Delayed Vote Clouds the Outlook
The Senate's failure to advance the CLARITY Act removes a major catalyst that traders had counted on to fuel a sustained bitcoin rally in the second half of 2026. As a result, short-term price action will likely hinge on sector-specific narratives and native crypto catalysts, at least until Sept. 15, when the Senate is expected to bring the bill back to the floor.
Source: Bitcoin News
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