Bitcoin’s $88.88K level remains the key test for market confirmation. ETF outflows and long liquidations add short-term pressure. Macro signals still support wider interest in Bitcoin’s recovery.
Dogecoin faces renewed pressure as leverage exits the market. DOGE futures open interest reached a yearly high. Spot Dogecoin ETF inflows also returned despite wider crypto weakness.
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The CLARITY Act may reach a Senate Banking vote by May 14. A stablecoin yield compromise helped revive momentum. The bill seeks clearer SEC and CFTC rules for US crypto markets.
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