Strategy May Sell Bitcoin, Yet ETF Inflows & CLARITY Act Hope Triggered $82K Rally

Crypto prices finally synced with the progress seen across the regulatory and TradFi landscape, but Bitcoin’s ability to hold above $80,000 remains in question.

Last week’s Bitcoin (

) rally validated traders who had argued for months that bearish sentiment was out of step with price action.

Since early April, technical traders had called for a rally to $83,000. Now that short-selling in that zone has been absorbed and BTC is up more than 20% since April, technical data points to a cooling-off period.

Beyond the market’s sharp rally — and possible retests of former resistance as support — crypto also saw continued progress on regulation and mass adoption.

CLARITY Act Markup In May Seems Inevitable

Crypto in America host Eleanor Terrett reported that the

in the Senate Banking Committee is expected to happen soon. According to Terrett:

“The language is reportedly still being finalized, with additional edits expected to reflect priorities from Democratic offices.”

Terrett

that, according to her sources, “The overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far, though some bracketed sections are raising concerns that key provisions previously thought to be settled may be in flux.”