--- title: "Bitcoin Breaks $80,000: Is The Bull Run Coming Back?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285103201.md" description: "Bitcoin (CRYPTO: BTC) surpassed $80,000 as Senate Banking Committee chairman Tim Scott announced progress on the CLARITY Act, aiming for a markup in May and a Senate vote in June or July. The act allows crypto firms to offer stablecoin yield under certain conditions. Coinbase and Circle stocks rose 7% and 15%, respectively, amid strong demand for U.S. spot Bitcoin ETFs, which saw $630 million in inflows. The Fed's recent divided decision on interest rates adds macroeconomic pressure, while Bitcoin's technical setup suggests potential targets of $82,500 to $85,000 if it maintains momentum." datetime: "2026-05-04T17:26:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285103201.md) - [en](https://longbridge.com/en/news/285103201.md) - [zh-HK](https://longbridge.com/zh-HK/news/285103201.md) generator: "portal-rs" --- # Bitcoin Breaks $80,000: Is The Bull Run Coming Back? **Bitcoin** (CRYPTO: BTC) crossed $80,000 Monday as Senate Banking Committee chairman **Tim Scott** (R-SC) declared the CLARITY Act is in the “red zone.” ### Scott Targets May Markup, June Vote Scott told Fox Business he hopes to hold a markup of the CLARITY Act in May and bring the bill to the Senate floor in June or July.  The legislation passed the House in July 2025 but stalled in the Senate as banks and stablecoin companies fought over stablecoin yield. Sens. **Thom Tillis** (R-NC) and **Angela Alsobrooks** (D-NY) hammered out a compromise late last week that allows crypto firms to offer stablecoin yield, provided rewards are not “economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.” Meanwhile, **Coinbase** (NASDAQ:COIN) and **Circle** (NYSE:CRCL) stock rose 7% and 15% Monday morning respectively.  Coinbase had pulled its support of the bill in mid-January due to a draft amendment that would have prevented crypto firms from offering yield on user stablecoin balances. ### ETF Inflows Hit $630 Million Friday Monday’s rally followed stronger demand for U.S. spot Bitcoin ETFs. Market reports showed roughly $630 million in net inflows into Bitcoin ETFs on Friday, May 1, before Bitcoin crossed $80,000 at the start of the new week. The rally came while **Strategy Inc.** (NASDAQ:MSTR) slowed Bitcoin purchases. Strategy chairman **Michael Saylor** announced no buys last week, breaking a pattern of aggressive accumulation. “Bitcoin rallying while Strategy takes a breather suggests the market may be drawing strength from a wider base of support beyond that single narrative,” digital assets firm QCP noted in a market memo. ### Fed Division Adds Macro Pressure The Fed held the target range for the federal funds rate at 3.5% to 3.75% on April 29. The vote showed unusual division, marking the Fed’s most divided decision since 1992. That leaves Bitcoin exposed to Treasury yields, dollar strength, inflation data, and rate-cut expectations.  A softer rate outlook could support risk assets. A stronger dollar or higher yields could pressure the rally. ### BTC Technical Setup Bitcoin executed a textbook liquidity sweep at $75,000, flushing late longs before aggressively reclaiming structure.  Price swept the Candle Range Low around $75,000, triggered the entry level around $77,500, and now pushes directly into the Candle Range High around $81,000. Traders projection targets $82,500 to $85,000 if this range breaks with conviction. Bulls need a daily close above $81,000. Invalidation occurs on any breakdown back below $77,500. *Image: Shutterstock* ### Related Stocks - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) ## Related News & Research - [Insider Selling: SiBone (NASDAQ:SIBN) SVP Sells 36,241 Shares of Company Stock](https://longbridge.com/en/news/304736994.md) - [A record number of first-time home buyers now pay in cash. 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