Bitcoin Price Rises on Hopes of U.S. Regulatory Clarity

The recent rebound in Bitcoin's price to above $81,000 has been attributed to growing hopes for the passage of the U.S. CLARITY bill. The bill is currently being discussed in Congress and aims to provide clearer regulatory standards for cryptocurrencies.

Market participants believe that a clear regulatory framework could lead to improved conditions for institutional inflows into the market. This, in turn, could reduce volatility and attract more mainstream investors.