Bitwise says four crypto sectors gained after CLARITY Act stalled, while Bitcoin rose 8%

Bitwise identified four crypto sectors that gained after the CLARITY Act failed to advance in the U.S. Senate, describing the market response as a rotation into select areas rather than the downturn some expected ^{[1] [2] [3]}.

In a Sept. 30 client memo, Bitwise CIO Matt Hougan noted that Bitcoin rose about 8% and Ether about 7% over two weeks; NEAR gained 104% and Uniswap 49% between the Senate vote and Sept. 30 ^{[1] [4]}.