U.S. Senate Banking Committee approval of the CLARITY Act spurs crypto market rally, pushing Bitcoin to $80,578 with $131.3M ETF inflows.
Bitcoin climbed above $80,500, reaching $80,578, as crypto markets gained momentum after the U.S. Senate Banking Committee advanced the CLARITY Act in a 15–9 vote. The bill’s progress to the full Senate fueled optimism among investors, driving a 1.01% increase in BTC’s price.
Earlier, Bitcoin had traded below $80,000 amid mixed market sentiment, with Ethereum slipping 0.56% to $2,255. U.S. spot Bitcoin ETFs saw renewed interest, recording $131.3M in net inflows after a period of outflows. The broader crypto market cap stood at $2.76T, with BTC dominance at 58.5%.
Small-cap tokens surged, with Degen (Base) leading gains at 61.4%, while funding rounds for Onramp and Stitch raised $12.5M and $25M, respectively, signaling continued venture interest in crypto infrastructure.