Grafa
Bitcoin tops $82K as Senate advances CLARITY Act
Bitcoin tops $82K as Senate advances CLARITY Act

Bitcoin tops $82K as Senate advances CLARITY Act

Share

Bitcoin rose above $82,000 on Thursday after the US Senate Banking Committee advanced the CLARITY Act, boosting investor optimism around clearer cryptocurrency regulation in the United States.

The Senate committee approved the crypto market structure bill in a 15-9 vote, with support from two Democratic senators, allowing the legislation to move toward a full Senate vote.

Bitcoin later eased to around $81,500 but remained up roughly 2.5% over the past 24 hours as traders reacted positively to signs of regulatory progress in Washington.

Coinbase led gains among crypto-linked equities, rising 8% as investors anticipated that clearer rules could encourage greater institutional participation in digital assets.

Strategy climbed 7%, while Ethereum-focused treasury firm Bitmine gained 5.6% during the session.

The broader rally extended beyond cryptocurrencies, with the Nasdaq 100 and S&P 500 reaching fresh record highs amid renewed appetite for risk assets and technology shares.

AI infrastructure firms and former bitcoin miners transitioning into data centre operations also advanced, with IREN and Hive Digital posting gains alongside newly listed AI chipmaker Cerebras.

At the time of reporting, Bitcoin price was $81,411.46.

Frequently asked questions

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.