Bitcoin fell below $65,500 as oil surged toward $88.60, Treasury yields climbed, and Clarity Act passage odds dropped from 46% to 38% after Senate Democrats said the latest draft falls short on ethics and consumer protections.

Bitcoin ETFs have pulled in roughly $727 million over the past week, the most sustained stretch of buying since the record outflows of June.

Bitcoin fell below $65,500 as oil surged toward $88.60, Treasury yields climbed, and Clarity Act passage odds dropped from 46% to 38% after Senate Democrats said the latest draft…