Bitcoin above $78,000 as Senate clears Clarity Act yield hurdle, S&P 500 sets new record
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- Bitcoin rose to $78,180 in Asian trading, up 0.8% on the week, recovering from a $75,500 low triggered by Iran’s military escalation.
- S&P 500 closed at a record high, up 0.3% on Friday, marking its fifth straight weekly gain, while the Nasdaq 100 also set a new high.
- Senate released a compromise on the Clarity Act that bans stable‑coin issuers from paying yield on reserves but preserves activity‑based rewards, clearing the path for a Banking Committee markup.
Why it matters: Crypto exchanges like Coinbase gain regulatory clarity as the Clarity Act bars reserve‑yield offers, while investors benefit from Bitcoin’s $78k rebound and the S&P 500’s record, tightening risk appetite across markets.
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