Bitcoin rally holds above $80,000 while Venice Token and NEAR Protocol rally
Bitcoin (BTC) is trading above $81,000 on Monday, holding firm after a 6% surge on Friday, linked to US financial watchdogs‘ efforts to structure crypto assets under existing rules following the CLARITY Act’s failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs. CLARITY Act failure pushes US market regulators to innovate structuring The broader cryptocurrency market sustains its risk-on sentiment, with the Fear and Greed Index around 72 on Monday, up from 69 last week and holding flat in the “Greed” zone. The failure of the CLARITY Act to advance to the US Senate floor led the US Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) to pursue different approaches to regulating the US crypto market. Fear and Greed Index. Source: CoinMarketCap The SEC granted an “Innovation Exemption” for trading tokenized stocks last week, while the CFTC submitted a Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets proposal on Thursday to the Office of Management and Budget. A clear push to establish a regime for the crypto market is boosting investor demand, as previously reported by FXStreet. Bitcoin makes another breakout attempt near $82,850 Bitcoin hovers around $81,400 at press









