Bitcoin Steady as CLARITY Act Hits Senate Floor

Spotlight:

Bitcoin is holding firm at $80,954.69 after a weekend rally that briefly pushed the asset above $82,000, its highest print since early May, as institutional flows and improving macro conditions tighten available supply. The bounce reflects a familiar mix of catalysts: steady ETF demand, ongoing corporate accumulation, a softer dollar, and large holders quietly adding to positions. Persistent spot ETF demand is reducing available supply even as legislative momentum around the CLARITY Act is lifting longer-term sentiment.

The most relevant policy development came from Capitol Hill, where the U.S. Senate Banking Committee confirmed it will hold a markup hearing on the CLARITY Act on May 14, advancing a market-structure bill that had been stuck in a legislative bottleneck for months. Industry supporters view a successful markup as the key to easing long-standing friction between traditional banking and the crypto sector, opening the door to more integrated financial products and the regulatory certainty that institutional players have been waiting for.