In today’s briefing:
- Dead Quiet…Then BTC Hits $81K
Dead Quiet…Then BTC Hits $81K
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Bitcoin broke $80k and hit near $81,000 on May 5 after closing last week at $78,790 (+1.2%).
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The CLARITY Act stablecoin yield compromise dropped on May 1. Coinbase, Circle, and the Crypto Council all backed it; markup expected mid-May.
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Powell delivered his final FOMC press conference on April 29 with rates held at 3.50% to 3.75% and four dissenters, the most since 1992.
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