I've been looking at the charts for a while and Bitcoin continues to hover around $78,000. After that scare on Wednesday due to tensions with Iran, the cryptocurrency recovered quite well, but it still hasn't found that definitive push to break upward. Today it's at $81,020 according to my data, so the rising cryptocurrencies still show that sideways movement that has us all waiting.

What was interesting this week was the political move. The Senate finally released the text of the Clarity Law they had been negotiating for months. Basically, they prohibit stablecoin issuers from paying yields just for holding reserves, but leave reward programs for activity intact. An important crypto platform that was at the center of negotiations immediately celebrated the agreement. This clears the way for regulation to advance, which many see as positive for long-term rising cryptocurrencies.

Meanwhile, the S&P 500 is breaking records every week. Apple rose 3.2% with strong earnings, Oracle gained 6.5% for working with Pentagon networks. Tech indices are at all-time highs. In crypto, Ether remains at $2,310, XRP at $1.45, Solana at $95.21. Dogecoin was the standout, rising nearly 10% for the week to $0.11 with futures at yearly highs.

The issue is that Bitcoin is still waiting for a clear catalyst. According to a comment from an analyst I saw, this isn’t crypto-specific weakness, but general macro indecision. The Fed is holding rates without a clear direction, ETFs are showing outflows. It doesn’t mean institutions are abandoning, just that they’re not increasing exposure for now. If money comes back, Bitcoin could take off quickly. For now, we remain in wait-and-see mode.