Bitcoin stayed above $65,000 on Monday as traders shrugged off the Senate’s failure to advance the CLARITY Act before its August recess. Instead, continued demand for spot Bitcoin ETFs and a weaker U.S. dollar helped support the market.

Bitcoin Records Extremely Tight Weekend Range

Bitcoin’s price movement over the weekend was unusually limited. On Saturday, BTC traded within a $350 range between its UTC high and low, according to TradingView.

That was the narrowest Saturday range since Nov. 25, 2023, when Bitcoin moved just $297. The difference is notable because BTC was worth around $38,000 at the time, compared with more than $65,000 today.

The compressed range highlights the decline in Bitcoin’s relative volatility. Weekend activity is generally lighter because institutional traders, market makers and ETF-related flows are less active outside traditional market hours.

Strategy’s Dollar Reserve Reaches $4.65B

Strategy sold 1,690 BTC last week for $108.6 million and used the proceeds to repurchase 1.15 million STRC preferred shares.

The company also raised $653.1 million through the sale of 6.59 million MSTR shares. It allocated $650 million of the proceeds to its U.S. dollar reserve and kept $3.1 million as cash.

Strategy now holds $4.65 billion in its dollar reserve. Its Bitcoin holdings fell to 840,447 BTC, purchased for a total of $63.36 billion at an average cost of $75,385 per coin.

The company has $785.2 million remaining for preferred-share purchases and another $1 billion available for MSTR buybacks.

MSTR gained 0.5% in premarket trading Monday as Bitcoin hovered around $65,000.

Standard Chartered Sees Major Upside for LINK

Standard Chartered believes Chainlink could benefit significantly from the growth of tokenized assets. The bank began coverage of LINK with a $200 price target for the end of 2030, compared with roughly $8 currently.

Geoffrey Kendrick, the bank’s digital asset research chief, said the migration of traditional financial assets onto blockchains should increase demand for secure data and infrastructure.

Chainlink already supports approximately 70% of global DeFi markets, according to Kendrick. A larger tokenized-asset market could drive more usage of its services, increase fees and potentially strengthen LINK’s valuation.

The forecast faces risks if tokenization develops more slowly than expected or competing networks reduce Chainlink’s market share.

TSMC Shows AI Demand Remains Strong

Taiwan Semiconductor Manufacturing Co. posted a 45% increase in July revenue to NT$467.58 billion, or roughly $14.5 billion, providing further evidence that AI chip demand remains resilient.

The company manufactures chips for major customers including Nvidia and Apple. Analysts expect its revenue to increase 46.8% in the current quarter.

TSMC recently raised its 2026 spending and revenue outlook and expects to invest a record $60 billion to $64 billion in capital expenditures. The company believes AI demand can remain strong through 2027 and beyond.

SK Hynix’s announcement of a $38 billion expansion plan on Friday provided another indication that the AI infrastructure boom is continuing.

The strength in chip demand is supportive for crypto’s broader risk environment, particularly as Bitcoin has loosely tracked AI-related risk trades. BTC remained around $65,200 Monday and was higher for the week.

H100 Adds 2,455 BTC

Bitcoin-focused European company H100 completed a Bitcoin-based acquisition that CEO Sander Andersen described as the largest public Bitcoin equity M&A deal in Europe.

The transaction added 2,455 BTC and increased H100’s total holdings from 1,051 BTC to 3,506 BTC. No cash was involved and the company assumed no debt.

The acquisition was valued at 1.0 times net asset value and increased Bitcoin holdings per fully diluted share by 5%.

H100 shares rose 6% Monday.

BTC Advances Despite CLARITY Act Delay

Bitcoin was trading near $65,200 Monday, up 3.7% over the past week, according to CoinDesk data. The cryptocurrency has recovered from an early-August low close to $62,000.

Ether traded around $1,925, while BNB, Solana and TRON also recorded weekly gains.

The advance came even after the Senate failed to move the CLARITY Act forward before its August recess. The legislation received 51 votes, nine short of the 60 needed, with the earliest opportunity for further action now set for Sept. 14.

The market’s resilience suggests the delay had already been anticipated. Rather than triggering another sell-off, the vote appears to have confirmed expectations that the legislation would be pushed into the fall.

For now, market flows appear more influential than political developments.

Spot Bitcoin ETFs have continued to see inflows, while the softer dollar following last week’s weak jobs report has provided a more favorable environment for BTC.

Strategy Chairman Michael Saylor also fueled speculation about another Bitcoin purchase by posting the company’s BTC acquisition chart with the caption “Doing business.” The post followed Strategy’s disclosure that it had sold roughly 1,638 BTC to finance share buybacks.