Bitcoin rebounds above $78,000 as Senate clears stablecoin yield hurdle, S&P 500 hits record high

Bitcoin recovered from a midweek dip to trade above $78,000 after the U.S. Senate approved a compromise in the Clarity Act that restricts stablecoin issuers from paying yield on reserves but allows activity-based rewards. This legislative progress removes a major obstacle to crypto market regulation. Meanwhile, U.S. stocks also surged, with the S&P 500 and Nasdaq 100 reaching new record highs, driven by strong tech earnings from Apple and Oracle. The market awaits further catalysts such as Federal Reserve clarity or ETF activity to push Bitcoin decisively higher.