The CLARITY Act's vote is coming up on January 15th. How will the prices of Bitcoin, Ethereum, and Dogecoin perform?

The crypto market is awaiting a potentially industry-changing milestone. The U.S. Senate Banking Committee will hold a formal review and vote on the CLARITY Act on January 15, just 6 days from now. Ahead of this critical juncture, the prices of Bitcoin, Ethereum, and Dogecoin have already begun to react to regulatory expectations. Over the past 24 hours, the overall crypto market cap has slightly declined by 0.84%, with market sentiment shifting from optimism at the start of the year to a cautious observation mode.

Key Insights into the CLARITY Act

Major Changes in the Regulatory Framework

The CLARITY Act represents a systematic attempt to clarify U.S. cryptocurrency regulation at the legal level, explicitly defining the regulatory classification of different types of digital assets for the first time. According to the latest updates, the core points of the bill include:

This bill is regarded by industry insiders as a landmark move signaling the “end of the enforcement-only era.” For a long time, the biggest pain point in the U.S. crypto market has been regulatory uncertainty, which kept institutional funds on the sidelines. Once passed, this major obstacle will be cleared.

Why January 15 is So Critical

According to the latest news, Senate leadership has confirmed the priority of this vote. They plan to complete the review before the January 30 government budget deadline, leaving no room for delays in advancing the bill. If the Senate Banking Committee approves, the bill will then go to a full Senate vote, requiring the President’s signature for final approval. The entire process could be completed within a few weeks.

Current Price and Technical Outlook of the Top Three Coins

Bitcoin: Profit-taking pressure remains high at current levels

Bitcoin has experienced significant volatility over the past week. According to quick data, Bitcoin once dropped near $89,200, followed by a technical rebound, and is now hovering around $91,300. The key issue is that it still faces a medium-term resistance zone at $95,000.

Key Levels Analysis:

• Current Price: $91,300
• Resistance Above: $95,000 (failed to break through at year-end rally)
• Medium-term Target: If bulls regain momentum, test $92,000
• Support Below: $88,000 (break below warrants caution for deeper correction)

From a technical perspective, although Bitcoin’s year-end rally created new highs, profit-taking at high levels has persisted. Under these conditions, short-term prices are more susceptible to external events. The outcome of the CLARITY bill review could become the next significant directional indicator.

Ethereum: Weekly strength but short-term pressure

Ethereum’s performance is somewhat more complex. In the short term, prices oscillate between $3,100 and $3,200, with around $3,131 being a focal point for bulls and bears. However, on the weekly chart, Ethereum has gained over 6%, indicating a still upward medium-term trend.

Key Levels Analysis:

• Current Range: $3,100–$3,200
• Focal Point: $3,131
• Upside Target: $3,500 (if market risk appetite improves)
• Support Levels: $3,000 (if broken), $2,900 (deep support)

Notably, Ethereum has become a focus for traditional capital inflows. Morgan Stanley has filed an Ethereum trust, opening a compliant channel for traditional investors. Meanwhile, on-chain RWA (Real-World Asset) volume on Ethereum has surpassed $12.5 billion, and stablecoin circulation exceeds $62 billion, with these two core sectors dominating over 60% of the market. In other words, if the CLARITY bill passes, Ethereum could become a key asset for institutional allocations.

Dogecoin: Limited rebound space but supported

Dogecoin surged approximately 23% over the past week but faced resistance at the key $0.16 level and has since pulled back, currently oscillating around $0.14.

Key Levels Analysis:

• Current Price: around $0.14
• Resistance Above: $0.16 (key level after last week’s rally)
• Support Below: $0.13 (if broken)
• Rebound Potential: If market sentiment improves, there is still room for another bounce toward $0.16

Dogecoin is more sensitive to market sentiment. During the CLARITY bill review, if risk appetite rises, DOGE may follow the rebound; otherwise, it could test support levels downward.

How Regulatory Expectations Could Impact the Market

Increased Short-term Volatility Risks

Ahead of key dates, market volatility often intensifies. According to quick data, over $460 million in liquidations occurred in the past day, with nearly 138,000 traders wiped out. This indicates that market participants are already engaging in price speculation regarding the bill’s outcome.

From a technical standpoint, Bitcoin at $90,000 is a dense zone for long liquidations, while $92,000 is a short liquidation zone. The price currently hovers near a “leverage danger zone,” where any unexpected move could trigger a chain reaction.

Accelerating Institutional Entry in the Long Term

However, in the long run, the passage of the CLARITY bill could be a positive catalyst for the crypto market. The reasons are straightforward:

• Significantly Reduced Uncertainty: Institutional investors fear regulatory risks most. Clear frameworks will greatly lower risk premiums.
• Opening of Compliance Channels: Giants like Morgan Stanley and BlackRock are already waiting for this signal. Passage means they can accelerate their deployment.
• Market Structure Optimization: Banning false transactions and requiring transparency will improve market microstructure, attracting more institutional participation.

According to recent reports, the proportion of asset management firms holding Ethereum has already caught up with Bitcoin, with inflows doubling. This indicates that institutions are proactively positioning themselves, awaiting regulatory clarity.

Three Key Things to Watch Next

• January 15 Vote Outcome: The most immediate market catalyst. If the bill passes the committee, a rebound may occur; if not, a correction could ensue.

• Full Senate Review Timeline: After passing the vote, the full Senate review may take several weeks, during which new developments could arise.

• House of Representatives Attitude: The U.S. House tends to be more conservative on crypto. Even if the Senate approves, the House’s review could introduce new hurdles.

Summary

The January 15 vote on the CLARITY bill marks a significant milestone. In the short term, market volatility may intensify, with Bitcoin, Ethereum, and Dogecoin all seeking balance at their respective key levels. But in the medium to long term, passing this bill signifies a transition from “wild growth” to “regulated development” for the crypto industry. This will provide a more stable price discovery environment for Bitcoin, attract broader incremental capital into Ethereum, and benefit the overall ecosystem’s healthy development.

The key is not to be frightened by short-term fluctuations. Such volatility is a normal market reaction to major policy changes. The real opportunities are often hidden within this uncertainty.