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Bitcoin above $78,000 as Senate clears Clarity Act yield hurdle, S&P 500 sets new record

CoinDesk
Bitcoin rebounded above $78,000 following a Senate stablecoin agreement, while the S&P 500 reached a new all-time high.

Summary

Bitcoin recovered to over $78,000 after a mid-week dip, bolstered by a Senate compromise on the Clarity Act that clarifies rules for stablecoin yield products. Simultaneously, U.S. equity markets reached record highs, led by strong tech earnings. While market participants await further macroeconomic direction, analysts suggest that institutional capital remains cautious, with future price movements dependent on regulatory clarity and potential ETF inflows.

(Source:CoinDesk)