Crypto Market Rises to 2.22 Trillion Amid CLARITY Act Progress

The crypto market increased on July 21, with the total market cap reaching 2220000000000 dollars, up approximately 0.85%. The rise was fueled by President Donald Trump's agreement to an ethics provision in the CLARITY Act, removing a significant obstacle for the US crypto market structure bill. The CLARITY Act will determine which US regulator oversees various digital assets, a long-sought rulebook for the industry. The agreement on the ethics clause, which prevents the president, vice president, and Congress members from profiting while in office, is expected to lead to the bill text being released within days, with a Senate deadline in early August. The total crypto market cap is approaching resistance at 2230000000000 dollars, and a breakout could lead to 2290000000000 dollars. Support levels are at 2170000000000 dollars and 2140000000000 dollars. Meanwhile, US stocks softened, with the S&P 500 closing near 7443, down about 1% over five days. This trend often results in cash flowing into crypto as investors seek higher returns. Uniswap (UNI) saw a notable increase of 6% to 3.69 dollars, marking a 24% rise over the past 30 days. It surpassed the 3.67 dollar resistance level, but declining buying volume since July 11 raises concerns about sustaining this momentum.