Bitcoin (BTC) is experiencing a notable increase, currently priced at $79,084, which marks a 3.15% rise since May 1, as reported by CoinMarketCap. Santiment highlights a bullish sentiment in social media, with 1.55 positive comments for every negative one. However, the platform warns that this could indicate potential market corrections, advising caution among investors. Michael van de Poppe, founder of MN Trading Capital, expressed optimism regarding the US CLARITY Act, calling it a pivotal piece of legislation for the cryptocurrency industry that could trigger a bull market. White House crypto advisor Patrick Witt acknowledged the progress made with the CLARITY Act but noted that it is still a work in progress, requiring further support before a Senate vote. Additionally, the Crypto Fear & Greed Index indicates a 'Fear' score of 31, reflecting a cautious outlook among market participants. Santiment suggests that if the CLARITY Act passes, it could attract more institutional investment into the crypto space, although current market metrics show increasing apprehension.