Bitcoin punched through $82,000 on Thursday, its highest level in months, as a wave of bullish sentiment swept through crypto markets. Coinbase shares led the charge among publicly traded crypto companies, gaining over 8% on the day. The moves came as the Clarity Act — a sweeping regulatory framework bill — advanced through a key House committee, and AI chipmaker Cerebras notched a strong first day of trading on the Nasdaq.
Bitcoin punches through $82,000
The world’s largest cryptocurrency hit $82,000 in midday trading, extending its rally from earlier this week. Traders pointed to a combination of improving regulatory signals and broader risk appetite. The move pushed Bitcoin’s market cap back above $1.6 trillion, though the price remains below its all-time high of $95,000 set in late 2025.
Coinbase stock jumps
Coinbase saw its stock climb nearly 9% on heavy volume, making it the top gainer among crypto equities. The exchange’s shares have been volatile this year, but Thursday’s advance broke a four-day losing streak. Rival exchanges like Kraken and Binance also saw their associated tokens and stocks tick higher, though Coinbase’s move was the most pronounced.
Clarity Act clears committee
The Clarity Act, a bipartisan bill that would create a single federal framework for digital asset regulation, passed out of the House Financial Services Committee by a 34-16 vote. The legislation now heads to the full House floor, where it faces an uncertain timeline ahead of the November midterms. Supporters say the bill would end the patchwork of state-level rules that has frustrated exchanges and issuers. Critics argue it doesn’t go far enough on consumer protections.
Cerebras goes public
In a separate but closely watched debut, AI chipmaker Cerebras began trading on the Nasdaq under the ticker CBRS. The stock opened at $38, above its IPO price of $32, and closed the session up 22%. While not a crypto company, Cerebras’ successful listing was seen as a positive signal for tech and AI-related names — an area that often overlaps with the crypto industry’s computing needs.
What’s next: All eyes are on the House floor calendar for the Clarity Act. The bill’s sponsors say they want a vote before the summer recess, but opposition from some Democrats could slow things down. For Bitcoin, the $85,000 resistance level is the next test.
