The price of Bitcoin recovered the $81,000 level for the first time in about three months. A bipartisan deal in the U.S. Congress on the biggest sticking point in the stablecoin regulatory bill—the issue of paying interest—served as a tailwind.
At 8 a.m. on the 6th, Bitcoin was trading at $81,113 on CoinMarketCap, a digital asset market data firm, up 1.1% from the previous day. On the previous day, Bitcoin topped $81,000 for the first time since January this year, then extended gains to surpass $81,700 at about 5:15 a.m. before edging lower.
The U.S. Republican and Democratic parties reached a bipartisan deal on whether to pay interest, the core sticking point in the stablecoin regulatory bill. On the 1st, U.S. Republican Sen. Thom Tillis and U.S. Democratic Sen. Angela Alsobrooks drew up a core issue agreement for the digital asset regulatory proposal, the Clarity Act.
Under the agreement, paying interest as compensation for activities such as payments, remittances, and transactions using stablecoins is allowed. Examples include offering cashback on stablecoin payments or fee discounts for cross-border remittance users. The market sees the Clarity Act as a potential catalyst to bring the digital asset market structure into the regulatory fold.
Meanwhile, Ethereum, the No. 2 by market capitalization, was up 0.62% and trading at $2,361. XRP (Ripple) was up 1.52% at $1.41, Binance Coin was up 1.24% at $630, and Solana was up 2.65% at $86.