Bitcoin tops $80,000 price as Clarity Act nears Senate floor with new Fed chair imminent
By Lance Datskoluo
AI summary of the source article
Bitcoin crossed $80,000 driven by institutional demand and spot ETF inflows, including $630 million entering US spot Bitcoin ETFs on the first day of May. Meanwhile, Senate Banking Committee chair Tim Scott reported that the Clarity Act digital asset market structure bill is heading toward a bipartisan markup in May and an eventual Senate floor vote. Crypto market observers are also monitoring upcoming macro events, including corporate earnings and the US jobs report.