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Bitcoin Surges, Stablecoin Rules Advance
Description
Bitcoin surged past $78,000, recovering from a midweek dip, following a Senate compromise on the Clarity Act, paving the way for stablecoin rules and broader crypto legislation. U.S. stocks also soared, with the S&P 500 reaching a new high, and tech stocks like Apple and Oracle surging on strong earnings. The crypto community welcomed the Senate deal, which allows activity-based rewards for platform use while banning straight yield on reserves. Other coins remained relatively stable, with Dogecoin gaining nearly 10% on futures interest. As we look ahead, Bitcoins future hinges on Fed signals, ETF inflows, and Middle East calm.
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