Bitcoin (BTC) Price: BTC Eyes $80K as Senate Prepares to Vote on Landmark Crypto Bill

TLDR

• Bitcoin rose ~3% on Monday, trading above $79,000 after weeks of losses
• Trump hinted at a possible end to the US-Iran war, sending oil prices lower
• The Clarity Act’s latest draft includes ethics provisions backed by Trump, boosting crypto sentiment
• Fed rate hike odds climbed to 92.7%, with markets expecting a 25-basis-point move Wednesday
• Bitcoin reclaimed its 50-week exponential moving average at $77,430

Bitcoin bounced back on Monday, climbing roughly 3% on the day to trade above $79,000. This came after a 3.2% drop the previous week.

The move higher was driven by two main catalysts: signals from President Trump about a possible end to the US-Iran conflict, and fresh progress on the Clarity Act — a major crypto regulation bill moving through the US Senate.

Trump posted on Truth Social that Iran “wants to make a deal, quickly and badly,” adding that the US was open to engaging. A follow-up post predicted oil prices would “drop like a rock” once the military conflict ends. Oil prices dipped on the comments, which helped lift risk assets including crypto.

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