Bitcoin briefly surged above $82,000 on optimism around the proposed CLARITY Act but slipped back to around $81,000, trading near $80,572. The wider crypto market value rose 0.5% to about $2.67 trillion, with mixed moves across altcoins. Analysts cite regulatory clarity, strong US equity sentiment, and potential fresh institutional inflows as reasons Bitcoin could still test $85,000—despite recent volatility and notable Bitcoin ETF outflows.
Bitcoin briefly surged above $82,000 after the US Clarity Act advanced out of the Senate Banking Committee on a 15-9 bipartisan vote. The bill—already approved by the House—seeks to reduce regulatory uncertainty by assigning oversight for digital commodities to the CFTC and digital securities to the SEC, a change that could draw more institutional players. Still, it faces major hurdles: a 60-vote Senate requirement, reconciliation with other versions, and unresolved ethics provisions tied to lawmakers trading crypto.
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Bitcoin hovered near $81,000 on Monday even after stronger-than-expected US nonfarm payrolls reduced hopes for near-term rate cuts. Sentiment stayed supported as Bitcoin ETFs logged about $630 million in net inflows last week, while investors looked ahead to the Senate’s upcoming CLARITY Act vote for regulatory clarity. Analysts said this week’s direction will hinge on CPI data, Fed signals, and broader geopolitics, with oil moving sharply after US-Iran tensions adding to volatility.
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