Bitcoin Slips Below Eighty Thousand, Fed Report Shows Consumer Strain, Senate Weighs Crypto Bill

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 around seventy-nine thousand, seven hundred dollars — down over two percent after investors pulled six hundred thirty-five million from spot ETFs in the largest single-day redemption since January. Total outflows hit one point two six billion over five sessions, slashing net inflows to fifty-eight point five billion. The selloff follows producer price inflation hitting six percent year-on-year, the highest since twenty twenty-two, and consumer price inflation registering three point eight percent — both well above forecasts. Over three billion in leveraged long positions sit clustered between seventy-eight and seventy-nine thousand acting as critical support. The Federal Reserve's household survey shows seventy-three percent of Americans doing okay financially, but forty-two percent cite job concerns, up from thirty-seven percent last year. Prices remain the top concern for ninety-one percent of households. Retail sales rose in April, but the gain was driven entirely by higher gas prices — not actual consumer spending volume. With crude trading above one hundred dollars a barrel due to the Iran conflict, inflation pressures are intensifying. The Senate Banking Committee votes Thursday on the CLARITY Act, crypto's biggest regulatory framework. Polymarket prices the bill at sixty percent probability of becoming law this year, and traders expect a fast move to ninety thousand if it passes. Moody's awarded its top triple-A rating to tokenized money market funds from Fidelity and BlackRock. Tokenized Treasuries just hit fifteen billion in value, more than doubling in two years. Equity markets hit fresh highs despite inflation concerns. Cisco surged seventeen percent after announcing four thousand layoffs to fund AI investments. The semiconductor index is up sixty-six percent year-to-date, while Bitcoin is down nine. Capital is rotating toward AI infrastructure, with Cerebras pricing its IPO at a forty billion valuation and major listings ahead. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.