Bitcoin · CLARITY Act · US Senate · White House · The Block
Bitcoin reclaims $80,000, Solana and Hyperliquid rally as crypto markets shrug off Clarity setback
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The crypto market is closing the week on a high note, with assets jumping across the board as federal agencies continue to innovate through regulation after the Clarity Act hit a roadblock in the Senate.
Key facts
- For its part, (HYPE) hit a new all-time high above the $90 level, trading around $91.60 at publication time
- Bitcoin's price reclaimed the $80,000 level on Friday morning, jumping more than 5%
- Among the top 10 biggest cryptocurrencies, Solana (SOL) and Hyperliquid (HYPE) led the way, jumping about 10%
- The industry doesn't need Congress," Dan Morehead, Pantera Capital founder and managing partner, told CNBC on Friday
Summary
Bitcoin's price reclaimed the $80,000 level on Friday morning, jumping more than 5%. Earlier today, the Commodity Futures Trading Commission filed its crypto asset rulemaking to the White House for review. Meanwhile, a House panel voted earlier this week to move forward with the American Reserve Modernization Act, which would direct the Treasury Department to maintain a "secure Bitcoin storage facility. "The industry doesn't need Congress," Dan Morehead, Pantera Capital founder and managing partner, told CNBC on Friday.