Key Takeaways

• Modest gain: Bitcoin rose 0.2% to $80,833.9 after touching $82,000 over the weekend before trimming most of its gains.
• Trump’s rejection bites: The president called Iran’s response to the 14-point peace proposal “totally unacceptable.”
• Iran’s red lines: Tehran refused to dismantle its nuclear operations and demanded a shorter enrichment suspension.
• Tehran’s terms: Iran proposed an end to the war and gradual Hormuz reopening, but demanded the U.S. lift its naval blockade first.
• Netanyahu warning: Israeli PM said the war was not over and flagged potential for further military action against Iran.
• Clarity Act advances: The U.S. Senate Banking Committee will hold a markup hearing on the long-delayed crypto regulatory bill on May 14.
• Stablecoin compromise: Lawmakers reportedly agreed to ban bank deposit-style passive yields but allow active transaction and staking rewards.
• Path to full Senate: If approved by committee, the bill heads for a full Senate vote in early June.
• CPI and Xi summit ahead: Caution before key U.S. inflation data and the U.S.-China summit also weighed on sentiment.
• Altcoins firm: Ether rose 0.4% to $2,337.56, while XRP jumped 2.8% to $1.4580.
• Memecoins mixed: Dogecoin rose 1.3% while $TRUMP slipped 0.3%.

Bitcoin steadied on Monday, cutting short a weekend rebound as elevated Iran tensions largely offset optimism over progress toward a U.S. regulatory framework for the crypto industry.

The world’s largest crypto rose 0.2% to $80,833.9. It had climbed as high as $82,000 over the weekend, but surrendered most of its gains by Monday.

Caution ahead of a key U.S. consumer price index inflation print due this week, along with a top-level U.S.-China summit, also weighed on sentiment.

U.S.-Iran Tensions Surge as Peace Deal Progress Dithers

Tensions between the United States and Iran intensified over the weekend, particularly after President Donald Trump largely rejected Tehran’s response to a 14-point peace proposal.

Trump branded Tehran’s response “totally unacceptable.” Iran refused U.S. calls to dismantle its nuclear operations and also pushed for a shorter suspension of its uranium enrichment activities.

Iran outlined plans for an end to the war and a gradual restoration of commercial shipping through the Strait of Hormuz. Tehran also demanded that the United States lift its naval blockade of the country before any nuclear deal could be negotiated.

The weekend developments pointed to little prospect of immediate de-escalation in the Iran war. Separately, Israeli Prime Minister Benjamin Netanyahu also said the war was not over and flagged the potential for further military action against Iran.

U.S. Senate Seen Preparing Session on Clarity Act

U.S. Senators were observed preparing a session to consider a long-delayed piece of legislation — the Clarity Act — aimed at establishing a comprehensive crypto regulatory framework.

The Senate Banking Committee is scheduled to hold a crucial markup hearing for the Clarity Act on May 14, with the goal of advancing the bill.

Lawmakers were reportedly reaching a potential compromise on a long-running stalemate over stablecoin yield — specifically agreeing that the act will ban bank deposit-style passive yields but allow rewards linked to active transactions and staking. The compromise addresses concerns from both crypto and bank industry lobbyists.

If approved by the committee, the bill will head for a full Senate vote in early June. The Clarity Act is aimed at establishing a broader regulatory framework for crypto, granting the industry more legitimacy in U.S. markets.

Crypto Price Today: Altcoins Steady as Iran, Regulatory Uncertainty Remains

Broader crypto prices advanced on Monday, although bigger gains were limited by uncertainty over the Iran conflict and the Clarity Act.

Ether, the world’s second-largest cryptocurrency, rose 0.4% to $2,337.56, while XRP jumped 2.8% to $1.4580.

BNB, Solana, and Cardano rose between 0.7% and 3.6%.

Among memecoins, Dogecoin rose 1.3%, while $TRUMP fell 0.3%.