Bitcoin Tests Liquidity Near $80K as Senate Delays Clarity Act

Bitcoin trades near $80,000 after a 37% rebound from April lows near $60,000, but faces a liquidity test as weekly spot volumes fell to $80 billion while open interest climbed. Regulatory momentum stalled with a likely Senate delay to the Digital Asset Market Clarity Act following its 15-9 Banking Committee passage. Fresh headwinds include an Iran-linked $850 million Binance transfer and warnings that 30% of BTC supply faces quantum exposure, while earlier catalysts such as $858 million weekly inflows and BlackRock’s $54 billion IBIT ETF supported recovery. Meanwhile, RWA tokenization is shifting from pilots to production with tokenized Treasuries and stablecoin rails embedding into institutional workflows.