Bits + Bips: Is Bitcoin Finally Being Priced on Fundamentals?

Bitcoin's break above its 50-week moving average looks institutional and event-driven, with US retail still absent from the rally.

• 50-week reclaim: Bitcoin closed a weekly candle above its 50-week moving average for the first time in 45 weeks, settling near $81,160, a level Galaxy Digital's Alex Thorn says marked bear-market bottoms in four of five prior cycles.
• Clarity Act repricing: A dip to $75,000 followed the Clarity Act stalling in Congress, but Bitcoin didn't collapse further, and renewed odds of passage triggered the rally, per Austin Campbell and Ram Ahluwalia.

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