Bitcoin Nears $80,000 Amid Institutional Demand and Regulatory Progress

Bitcoin has reached nearly $80,000 as institutional demand and US crypto policy continue to influence prices.

The cryptocurrency has seen a strong rebound from August's low of around $63,000, but remains down about 9% for the year.

Strategy, a company with significant holdings in BTC, raised over $602 million through common-stock sales between August 24 and 30, using $369.7 million to purchase 4,603 BTC.

The CLARITY Act, legislation that would establish a federal market structure for digital assets, is set to move closer to formal Senate consideration after the House approved it last year.