Bitcoin surged past $82,000 for the first time since January, propelled by accelerating progress on the CLARITY Act and an extraordinary wave of spot ETF inflows. The rally, which has added more than 15% since mid-April, got a decisive push after senators reached a compromise on stablecoin rules that clears the path for a Senate floor vote this summer.
Spot Bitcoin ETFs recorded inflows topping $1.6 billion over just three consecutive sessions, a signal of institutional appetite that has not been seen since the approval cycle began. Morgan Stanley launched its own BTC ETF, drawing over $200 million in weeks, predominantly from self-directed investors, further amplifying demand.
Technical indicators also turned decisively bullish. Analyst Ali highlighted a MACD crossover on the weekly chart, a pattern that historically preceded multi-month rallies. Near-term targets have been revised to $95,000, while veteran trader Peter Brandt projected a longer-term trajectory toward $250,000 by 2029 after a bottoming process extending into late 2026. BTC briefly touched $82,500 before consolidating near $79,797, with a hold above $79,000 expected to bring $85,000 into focus first.
The CLARITY Act’s stablecoin compromise is seen as the catalyst that could push Bitcoin well beyond the current range, as regulatory clarity reduces uncertainty and attracts additional institutional capital.
