Bitcoin Pressure Mounts as Treasury Yields Hit Twelve-Month Highs, CLARITY Act Advances

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Bitcoin is trading at eighty thousand three hundred dollars this morning, down from yesterday's push toward eighty-two thousand, as Treasury yields reach twelve-month highs and squeeze risk appetite. The ten-year yield hit four point five percent, the two-year reached four point zero five percent, and the thirty-year topped five percent for the first time since two thousand seven. The Senate Banking Committee advanced the CLARITY Act yesterday in a fifteen to nine bipartisan vote, marking a critical step toward federal crypto regulation. Two Democrats joined thirteen Republicans despite opposition from Elizabeth Warren. Key provisions separate payment stablecoins from investment assets and establish clear rules for tokenization and DeFi. The bill now merges with the Agriculture Committee version before hitting the full Senate floor, with White House officials targeting a July fourth signing date. Bitcoin ETFs posted their worst day since late January, bleeding six hundred thirty-five million dollars on Wednesday. BlackRock's IBIT led outflows with two hundred eighty-five million, followed by ARK and Fidelity funds. Weekly losses topped eight hundred forty-one million after six straight weeks of inflows totaling three point four billion. Strategy is repurchasing approximately one point five billion dollars of its zero percent convertible notes due twenty twenty-nine at a discount, paying roughly one point three eight billion in cash. Equity markets are ignoring inflation concerns for now. The S&P five hundred closed at seventy-five hundred one, the Nasdaq hit twenty-six thousand six hundred thirty-five, and the Dow reclaimed fifty thousand for the first time since February. But the bond market is already tightening conditions ahead of new Fed Chair Kevin Warsh's first policy meeting in June. Futures now price forty percent odds of a rate hike by December. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.