Bitcoin rallies over 20% since April amid regulatory progress and ETF inflows.

Bitcoin has surged more than 20% since April, reaching technical targets near $83,000, signaling a potential cooling period ahead. Regulatory progress includes the upcoming CLARITY Act markup in the Senate Banking Committee, with hopes for House passage by July 4. Morgan Stanley's entry into crypto trading with competitive fees may spark fee wars among brokerages. Meanwhile, strong inflows into Bitcoin spot ETFs, led by BlackRock and Fidelity, are tightening supply and supporting price gains, while Strategy paused Bitcoin buys but may sell some to pay dividends. Market watchers await further regulatory clarity and ETF demand to sustain momentum.