Bitcoin targets $80,000 amid regulatory progress.



The leading cryptocurrency is currently trading at $78,411.4 as of 13:21 (MSK), having recovered from a drop to $75,500 earlier this week, triggered by geopolitical tensions in the Middle East.

Bitcoin’s rebound aligns with the historical performance of U.S. stock markets, where the S&P 500 reached a new all-time high on Friday. Sentiment was further bolstered by the release of a compromise text for the “Clarity Act” in the U.S. Senate.

The long-awaited legislation provides a clear framework for stablecoin issuers, prohibiting returns earned exclusively from reserve assets while protecting incentive programs based on real participation in the network.

Institutional anchors and global hurdles
Global cryptocurrency markets remain supported by substantial institutional inflows, including $629.8 million into spot Bitcoin ETF only on May 1. One well-known American fund contributed $284.4 million to this total.

A structural shift toward institutional positioning helped Bitcoin absorb periodic selling pressure, even as some analysts point to broader macroeconomic uncertainty and the absence of a clear course from the Federal Reserve as factors limiting immediate growth.
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