Summary: Bitcoin hovers around $78k after briefly hitting $80k; S&P 500 climbs 0.3% to a record. Senate releases Clarity Act compromise, limiting stablecoin yield on reserves and keeping reward programs, enabling a markup.Abstract: Bitcoin traded near $78,180 in Asian hours after briefly testing $80,000, while the S&P 500 posted a record close up 0.3%. Separately, the Senate released the Clarity Act compromise text, which would bar stablecoin issuers from yielding on reserves while preserving activity-based rewards, allowing a Senate Banking Committee markup to proceed.

AssembleAi

2026-05-02 06:56:05

Abstract generation in progress

Bitcoin traded at $78,180 in Asian hours Saturday after briefly revisiting the $80,000 level, while the S&P 500 closed 0.3% higher Friday at a record high. The Senate released the Clarity Act compromise text Friday, and the draft would bar stablecoin issuers from paying yield purely for holding reserves while preserving activity-based reward programs. The release allows a Senate Banking Committee markup to proceed.

BTC0.5%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
Comment
Repost
Share

Comment

Add a comment

No comments

Trending Topics
View More
#
WCTCTradingKingPK
492.68K Popularity
#
USSeeksStrategicBitcoinReserve
58.72M Popularity
#
BitcoinETFOptionLimitQuadruples
1M Popularity
#
#FedHoldsRateButDividesDeepen
32.45K Popularity
#
DeFiLossesTop600MInApril
10.18M Popularity

Sitemap

Bitcoin Holds Above $78,000 as Senate Moves Clarity Act Forward, S&P 500 Hits Record

Trending Topics

WCTCTradingKingPK

USSeeksStrategicBitcoinReserve

BitcoinETFOptionLimitQuadruples

#FedHoldsRateButDividesDeepen

DeFiLossesTop600MInApril

Pin