Bitcoin Slips Below 80K as CLARITY Act Vote Puts Crypto Rules in Focus

Bitcoin slips below $80K as traders watch the Senate CLARITY Act vote and key BTC levels near $81,800 and $75,000.

Bitcoin fell below $80,000 on Thursday as traders watched a key U.S. crypto rulemaking event.

The move placed fresh focus on market structure, short-term holder pricing, and the Senate Banking Committee vote on the Digital Asset Market CLARITY Act.

Bitcoin Trades Below Key Market Level

Bitcoin traded near $79,279 on the daily chart, after losing the $80,000 area. The drop followed another failed attempt to clear the 200-day moving average near $82,228.

Market Analysts also tracked the short-term holder cost basis near $81,800. Some analysts view that level as a key test for Bitcoin’s current cycle.

Bitcoin has been rejected near this area several times. A daily close above $81,800 could improve near-term market strength.

A weekly close above that level would be watched closely by traders. It could show stronger demand after weeks of uneven price action.

CLARITY Act Vote Puts Crypto Rules in Focus

The U.S. Senate Banking Committee is meeting for a markup vote on the Digital Asset Market CLARITY Act. The bill is being watched by crypto firms, exchanges, and investors.

The proposed law could help define how digital assets are treated under U.S. market rules. Bitcoin and Ethereum remain central to that debate.

The vote comes as the market faces renewed pressure. Regulatory clarity has become a major topic for crypto businesses seeking wider adoption.

Lawmakers have debated how to divide oversight between agencies. The outcome may shape future rules for trading, custody, and market access.

Other crypto business news also drew attention. Blockchain.com launched global crypto-backed loans, with rates starting as low as 1.9%.

BitGo reported $3.8 billion in first-quarter revenue. The company also reported wider net losses as it continues global expansion.

Fidelity International’s tokenized fund received a AAA-mf rating from Moody’s. The rating added attention to real-world asset tokenization.

For now, Bitcoin’s near-term direction remains tied to price levels and policy news. Traders are watching $81,800, $75,000, and the CLARITY Act vote.

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Technical Setup Remains Mixed

Bitcoin remains above its recent lower range, but it has not confirmed a full bullish reversal. The broader chart still shows a recovery inside a larger correction.

The main Fibonacci range runs from about $123,334 to $57,987. Bitcoin remains below the first major upside level at $91,590.

A move above $91,590 could open the path toward $98,375. Further resistance sits near $103,140, $107,906, and $113,803.

Support remains near $75,000 to $76,000. A break below that zone could bring $70,000 back into focus.

The RSI is near 54, while the smoothed RSI is near 63. This shows better momentum, but not a strong breakout yet.

The MACD also shows some improvement. The MACD line is above the signal line, while the histogram remains close to neutral.

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