According to the source, Coinbase withdrew support for a U.S. crypto bill on the eve of a key Senate vote. Source: public tweet dated January 14, 2026 announcing the withdrawal and the Senate vote timing. The timing positions the Senate vote as an immediate headline catalyst for crypto-exposed assets such as Coinbase stock (COIN) and large-cap tokens like BTC and ETH. Source: same public tweet indicating an eve-of-vote withdrawal by a major U.S. exchange operator, highlighting near-term policy focus. Event-driven traders may monitor COIN in U.S. cash hours, BTC and ETH spot-futures basis, and options implied volatility into and after the vote window. Source: timing and event context derived from the public tweet dated January 14, 2026 describing the pre-vote withdrawal.

According to Material Indicators, last week’s BTC technical structure remains valid, but price action is progressing more slowly, potentially as traders await the U.S. Senate’s consideration of the Clarity Act this week; source: Material Indicators (@MI_Algos) via X, Jan 12, 2026. Material Indicators stated that if the bill’s final version passes, it could be one of the few foreseeable catalysts to reverse the current bear trend, though they will prioritize chart-driven signals over speculation; source: Material Indicators (@MI_Algos) via X, Jan 12, 2026. The analyst added that today’s BTC analysis will outline what’s at stake in the Clarity Act and pinpoint the key technical levels and structures likely to signal the next major move; source: Material Indicators (@MI_Algos) via X, Jan 12, 2026.