US Clarity Act Passes Senate Banking Committee…Bitcoin, XRP Show Strength

▲ XRP, Bitcoin (BTC)/AI Generated Image ©

As expectations for the passage of the US cryptocurrency market structure bill, the Clarity Act, revived, Bitcoin recovered to the $81,000 level, and XRP and Hyperliquid led the strong intraday trend.

According to crypto media outlet Coingape on May 15 (local time), the US Senate Banking Committee passed the US cryptocurrency market structure bill, the CLARITY Act, with 15 votes in favor and 9 against. Even Democratic Senators Ruben Gallego and Angela Alsbrooks cast their votes in favor, securing bipartisan support, and the bill will now proceed to the Senate floor for further deliberation.

According to CoinMarketCap data as of 6:28 AM KST on May 15, Bitcoin (BTC) recorded $81,365, rising 2.49% over 24 hours. Its market capitalization was estimated at $1.6297 trillion. Ethereum (ETH) rose 1.68% to $2,293, and XRP (Ripple) climbed to $1.50, showing a 5.63% increase over the day and 8.31% over the past 7 days. BNB also rose to the $679 level, continuing its 7-day upward trend with a 5.75% increase.

The altcoin rally was also evident. Solana (SOL) rose 1.99% over 24 hours around $92, and Dogecoin (DOGE) rose 2.84% around the $0.115 level. Hyperliquid, in particular, surged 12.96% in one day, recording the strongest increase among major coins. Market analysis suggests that expectations for easing regulatory uncertainty in the US stimulated risk asset preference.

Investor sentiment is also recovering rapidly. CoinMarketCap's Fear & Greed Index entered the neutral zone at 50, and the Altcoin Season Index recorded 41. The average cryptocurrency Relative Strength Index (RSI) was around 49.88, indicating continued buying interest without overheating concerns. Market interpretations suggest that investor sentiment, which had been shaken by recent US inflation shocks and ETF outflows, is now rebounding due to regulatory expectations.

The key going forward is whether it passes the Senate floor. Coingape reported that discussions for integration with the Senate Agriculture Committee's Digital Commodity Brokerage Act (DCIA) are scheduled, and final legislation will require passage through a floor vote and House coordination procedures. The market also anticipates that if the Clarity Act enters the actual legislative stage, expectations for institutional capital inflow into Bitcoin and major altcoins could strengthen again.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*