BTC Tests $78.4K Resistance After Senate Clears Clarity Act Hurdle, Fed Rate Hold

Bitcoin hovers near $78,400, testing resistance at $79.4K after rebounding from $75,500 lows, fueled by Senate progress on the Clarity Act compromise removing stablecoin yield barriers amid S&P 500 record highs and WTI crude's 3% drop to $102/bbl. The rally follows a 1.4% dip to $77,300 on May 1 when the Fed held rates at 3.50%-3.75% with dissent cutting June cut odds to 2.9% and July hold at 88.5%, pushing 10-yr yields to 4.40%. Earlier, BTC fell 5% post-March 19 hawkish hold and 2.7% inflation forecast hike from $74,038 pre-FOMC gains.