Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000
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- Circle (CRCL) surged 18% after a stablecoin yield compromise was announced, signaling investor optimism for clearer regulation.
- Coinbase (COIN) rose about 7% as Bitcoin topped $80,000, driving broader crypto equity gains.
- Digital Asset Market Clarity Act draft bans idle stablecoin yields while allowing usage‑based rewards, removing a final obstacle to the bill.
- Polymarket odds of the Clarity Act passing climbed to 64%, reflecting heightened market confidence.
- MicroStrategy (MSTR) rose 3% as the crypto rally lifted broader equity.
- Robinhood (HOOD) gained 4% amid the sector‑wide surge.
Why it matters: Circle's 18% surge reflects investor confidence that the Clarity Act compromise will clear regulatory hurdles, boosting stablecoin adoption and Circle's revenue. Bitcoin's $80,000 breakout also fuels broader crypto equity gains, tightening the link between price action and legislative progress.
