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Bitcoin Stabilizes Near $81k Amid Iran Tensions
Bitcoin stabilized on Monday after giving up most of its weekend gains amid escalating tensions surrounding Iran, which offset optimism over progress in establishing a U.S. regulatory framework for cryptocurrencies.
The world’s largest cryptocurrency rose 0.2% to $80,833.9. Over the weekend, it climbed as high as $82,000 before surrendering most of those gains by Monday.
Market sentiment was also restrained by investor caution ahead of key U.S. consumer price index (inflation) data due later this week, as well as upcoming high-level talks between the United States and China.
U.S.-Iran Tensions Rise as Peace Talks Stall
Over the weekend, tensions between the United States and Iran escalated — especially after President Donald Trump broadly rejected Tehran’s response to the 14-point peace proposal.
Trump described Tehran’s response as “totally unacceptable.” Iran rejected U.S. demands to dismantle its nuclear infrastructure and instead proposed only a temporary suspension of uranium enrichment.
Iran outlined a plan to end the conflict and gradually restore commercial shipping through the Strait of Hormuz. Tehran also demanded that the United States lift its naval blockade before negotiations on a nuclear agreement could begin.
Weekend developments suggest that de-escalation of the conflict with Iran remains unlikely in the near term. Separately, Prime Minister Benjamin Netanyahu stated that the war is not over and signaled the possibility of further military action against Iran.
U.S. Senate Prepares to Review the Clarity Act
U.S. senators are preparing for a session to consider the long-delayed Clarity Act, designed to establish a regulatory framework for cryptocurrencies.
The Senate Banking Committee has scheduled a key markup hearing on the bill for May 14 in an effort to advance the legislation toward passage.
Lawmakers are reportedly close to reaching a compromise on the long-deadlocked issue of stablecoin yields: the bill would ban passive income mechanisms resembling traditional bank deposits while still permitting rewards tied to active transactions and staking — a compromise aimed at balancing the interests of both the crypto industry and the banking sector.
If approved by the committee, the bill is expected to move to a full Senate vote in early June. The Clarity Act aims to create a broad regulatory framework for cryptocurrencies, potentially giving the industry greater legitimacy in U.S. markets.
Crypto Market Today: Altcoins Hold Steady Amid Uncertainty
The broader cryptocurrency market posted gains on Monday, although further upside was limited by uncertainty surrounding the Iran conflict and the Clarity Act.
Ether, the world’s second-largest cryptocurrency, rose 0.4% to $2,337.56, while XRP gained 2.8% to $1.4580.
BNB, Solana, and Cardano advanced between 0.7% and 3.6%.
Among meme coins, Dogecoin gained 1.3%, while $TRUMP fell 0.3%.
