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Bitcoin Breaks $80,000: Is The Bull Run Coming Back?

Bitcoin topped $80,000 after about $630 million in Bitcoin exchange-traded fund inflows and as Senate action on the CLARITY Act slowed.

  • Bitcoin crossed $80,000 on Monday, supported by roughly $630 million in net inflows into Bitcoin ETFs on Friday, May 1, as Senate Banking Committee chairman Tim Scott declared the CLARITY Act is in the "red zone."
  • Senators Thom Tillis and Angela Alsobrooks released a stablecoin yield compromise, reviving optimism for the CLARITY Act which passed the House in July 2025 but stalled due to disputes over stablecoin rewards.
  • Bitunix analyst Dean Chen noted a concentrated short-side liquidity squeeze between $79,500 and $81,000, while the $77,000 to $78,000 range acts as a primary defensive zone; Bitcoin briefly reclaimed $80,000 Monday before retreating amid increased tensions with Iran.
  • Digital assets firm QCP noted the market is drawing strength from a wider base even as Strategy Inc. slowed purchases, while Bitcoin remains inversely correlated to Brent futures, which surged back above $110 per barrel.
  • Benchmark Managing Director Mark Palmer indicated the markup on the CLARITY Act is expected the week of May 11, though sustained ETF inflows and stable macro conditions remain essential to maintain Bitcoin above $80,000.
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Coin Academy broke the news on Monday, May 4, 2026.
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