Gotrade News – Bitcoin pushed back above the $80,000 mark on Monday (5/4) to a three-month high. The rally coincided with Coinbase (COIN) announcing a Senate compromise on a key stablecoin reward provision inside the U.S. Clarity Act.

Bitcoin’s price reached around $79,011 with a 0.7% intraday gain on the reporting check, while the asset has appreciated roughly 820% over the seven years from May 2019 to May 2026. The Clarity Act compromise removes a major banking-industry block on a long-stalled piece of crypto market structure legislation.

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Key Takeaways

• Bitcoin trades around $79,011 to a three-month high, with seven-year cumulative appreciation near 820% as of May 2026, lifting crypto-equity proxies including Strategy (MSTR), MARA Holdings (MARA), and Riot Platforms (RIOT).
• Coinbase (COIN) secured a Senate compromise allowing stablecoin platforms to offer rewards based on actual usage, while still prohibiting rewards “economically or functionally equivalent to interest on bank deposits.”
• COIN traded up roughly 1.85% on the announcement; the deal removes a major regulatory block ahead of any Senate floor vote on the Clarity Act.

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Bitcoin Price and the Three-Month High

Bitcoin’s move above $80,000 marked a three-month high on Monday and extended the three-month rally that began earlier in the year. According to The Motley Fool, Bitcoin traded around $79,011 with a 0.7% intraday gain on the reporting check.

Over the seven-year window from May 2019 to May 2026, Bitcoin has appreciated approximately 820%. Crypto-equity proxies including Strategy (MSTR), MARA Holdings (MARA), and Riot Platforms (RIOT) all trade as leveraged plays on this Bitcoin price recovery.

The Clarity Act Stablecoin Compromise

According to Investing.com, Senators Thom Tillis and Angela Alsobrooks reached a compromise on the stablecoin rewards provision that had stalled the Clarity Act in the U.S. Senate. The deal allows crypto platforms to offer rewards based on actual usage of stablecoins.

The compromise still prohibits rewards “economically or functionally equivalent to interest on bank deposits,” the language banks insisted on to protect deposit franchises. Regulators are directed to develop new disclosure requirements and define permissible reward activities.

Coinbase’s Position and Stock Reaction

Coinbase Chief Policy Officer Faryar Shirzad framed the outcome as a win, stating: “we protected what matters, the ability for Americans to earn rewards, based on real usage of crypto platforms.” Coinbase (COIN) stock posted a roughly 1.85% gain on the news.

The compromise removes a major legislative obstacle. President Trump’s administration has prioritized crypto reform, which has shifted the political math in favor of moving the bill forward.

What This Means for Investors

The combination of a Bitcoin three-month high and visible legislative progress on the Clarity Act lifts the entire crypto-equity complex. Strategy (MSTR), MARA Holdings (MARA), and Riot Platforms (RIOT) all trade as leveraged Bitcoin proxies and historically amplify spot price moves.

The next catalyst on the Coinbase-specific track is a Senate floor vote on the Clarity Act and the implementing rules from federal regulators. Investors should track Bitcoin’s hold above $80,000 and the legislative timeline together; the two are now correlated drivers of the sector.

Sources

Investing.com, Coinbase Says Deal Reached on Key Provision of Crypto Bill, 2026.

The Motley Fool, Could Chainlink Be a Retirement Millionaire Crypto?, 2026.