Crypto Corner: What's Backing Bitcoin Rebound & Fed's Impact

• Bitcoin rallied ~16% in April, reaching a 12-week high near $79,488, supported by significant fund inflows and institutional buying.
• Passage of the Clarity Act by May end could trigger a broad altcoin rally, especially for tokens classified as commodities like XRP and Solana.
• The Fed's likely hold on interest rates and diminishing expectations for further cuts this year could lead to a 'wait and see' period for crypto, potentially capping Bitcoin's rally around $80k.

Bitcoin has rallied to near $80k, driven by fund flows and institutional buying. Regulatory clarity from the Clarity Act is a key near-term catalyst, with potential for an altcoin rally if passed. However, the Fed's stance on interest rates, with only one cut expected, could limit upside in the short term, leading to a 'wait and see' period for crypto.