Bitcoin Hits Resistance Despite Clarity Act Progress — Market Talk
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The Clarity Act passed through a Senate committee, moving the bill closer to a full-Senate vote. The progress was seen as positive for bitcoin and other cryptocurrencies, but the gains seen Thursday have since receded. Bitcoin is currently down 1.6% to $80,079, according to data from LSEG. "Bitcoin ran out of steam very quickly after yesterday's little pump on the Clarity Act news," says Nic Puckrin of Coin Bureau in a note. "The $82,000 resistance level proved insurmountable, despite institutional buying via ETFs." Uncertainty stemming from the ongoing Middle East conflict is also weighing on prices. Puckrin says that $82,000 is the key resistance level bitcoin has to surpass to continue rallying further. (kirk.maltais@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260515005160:0/
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