Bitcoin's price experienced a significant rebound on Thursday, trading near $81,400 with intraday highs around $82,000, reflecting a more than 3% increase over the past 24 hours on substantial spot trading volume exceeding $1 billion. This rally was largely fueled by two major developments: a landmark U.S. crypto bill clearing a crucial Senate hurdle and Bitcoin-linked credit products achieving fresh milestones.

The U.S. Senate Banking Committee advanced the Digital Asset Market Clarity Act, also known as H.R. 3633, with a 15–9 vote. The bill received bipartisan support, with Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland aligning with all 13 Republicans. This legislative effort aims to establish a federal framework for digital asset trading, stablecoins, and intermediaries, proposing a division of oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Furthermore, it seeks to implement clear registration, disclosure, and compliance rules for exchanges, brokers, and custodians.

Chair Tim Scott hailed the bill's advancement as a pivotal moment, asserting that it would end years of a "regulatory gray zone" that crypto firms operated within, under rules designed for older financial markets. Scott emphasized that the bill is designed to foster innovation within the United States while simultaneously tightening controls against the criminal exploitation of digital assets. Senator Cynthia Lummis, who chairs the committee’s digital assets panel, underscored the complexity of the Clarity Act, describing it as the most challenging bill of her career and a "case of first impression" for integrating new software-based assets into existing financial law.

However, the bill faced strong opposition, primarily led by Ranking Member Elizabeth Warren. Senator Warren argued that H.R. 3633 would weaken securities protections, preempt state anti-fraud regulations, and allow banks to accumulate large crypto exposures, drawing parallels to the risk patterns observed before the 2008 financial crisis. She critically labeled the framework as "declaring open season" on consumers, asserting that it was "industry-written" and "not ready" for implementation. Allies echoed her concerns, raising ethical and national-security issues, particularly in connection with President Donald Trump’s crypto businesses, mixers, and stablecoins.

Amidst this legislative backdrop, Bitcoin-linked credit products demonstrated continued growth. Strategy Inc.’s STRC preferred stock significantly scaled up its Bitcoin accumulation program. The Bitcoin for Corporations’ live STRC ATM Tracker reported total issuance volume exceeding $1.24 billion, with an estimated 11,709 BTC acquired and an effective yield of 11.5%. The proceeds capture rate was near 80% at the time of writing. This marketed structure targets 26 times the current daily Bitcoin supply, cementing STRC's position as one of the largest corporate Bitcoin buyers on record through its ATM issuance.

Similarly, Strive’s SATA preferred stock progressed with its innovative yield design. Strive announced plans for SATA to distribute cash dividends every business day starting in June, while maintaining an impressive 13.00% annual rate. The firm estimates that this daily compounding will result in an effective yield approaching 13.88%. SATA boasts a debt-free balance sheet, holding more than 15,000 BTC, and recorded an 11.1% Bitcoin Yield for the first quarter of 2026.

As Bitcoin price teetered near the $82,000 mark, analysts from Bitfinex shared their evolving market perspectives with Bitcoin Magazine. They noted that the once-dominant funding rate has lost its signal power, prompting them to shift their attention to options positioning as Bitcoin navigates the $80,000 zone. The analysts further indicated that current market movements are primarily driven by strong ETF demand and open-market accumulation, rather than STRC-linked buying. A significant trend highlighted is the emergence of long-horizon "conviction buyers" who collectively hold close to four million BTC. This cohort has shown the strongest two-quarter increase since the COVID-19 crash, a phenomenon that effectively pulls more bitcoin out of circulating supply, potentially supporting further price appreciation.