Bitcoin Recovers Weekly Losses Amid Regulatory Developments

Bitcoin has recovered its weekly losses and is trading at $77,837.23, up 1.95% during the session.

The cryptocurrency's price remains above its 50-day moving average of $72,408.98, with a relative strength index (RSI) of 55.81 indicating moderate market momentum.

Fresh regulatory developments have brought renewed attention to digital assets following the setback surrounding the Clarity Act.

The Clarity Act's unresolved legislative framework has left questions about the broader regulatory environment in focus, while developments involving tokenized securities highlight progress around blockchain-based financial-market applications.