Crypto News Today: Bitcoin Traders Call $94K–$100K Target, U.S. Clarity Act Nears Finish Line as Mystery Token SKYAI Raises Red Flags
This week started on a strong note for crypto. The Bitcoin price finally broke past $80,000 yesterday. Now it’s floating around $80,800, up about 2.5% in the past day. The rest of the crypto market is doing fine too. Total market cap is near $2.66 trillion, with a 1% pump in the past day.
After a sleepy stretch, things are waking up. Traders are now watching a few key price points and what’s coming next with the economy.
Two things are driving the mood. Bitcoin’s chart looks strong, and some traders think it could climb toward $94,000 or even $100,000. The U.S. is also making real moves on the Clarity Act, which could bring in big money from large investors. Also, smaller tokens like SKYAI are drawing scrutiny after extreme price moves.
What you'll learn 👉
Bitcoin Price Prediction: Weekly MACD Signal Points to $94K–$100K Range
Top analyst Ali Charts points to a weekly MACD crossover on April 13 as the core bullish trigger behind Bitcoin’s structure. After that crossover happened, Bitcoin went up about 15%. That fits the pattern.
Look at earlier cycles. Every time a similar signal popped up, the BTC price climbed for months. Back in October 2023, it jumped 147%. Then October 2024 gave a 75% run. And in May 2025, it added another 35%. This pattern has repeatedly marked the start of extended upward phases.
Look closer at the chart. After the drop in early 2026, Bitcoin made a series of higher lows. It climbed from around $60,000 back to $80,000. The MACD histogram has turned green, and the signal lines keep moving apart. That tells you the move can keep going. This move also follows a long consolidation period, which often precedes expansion phases.
On the daily timeframe, the focus is the 200-day simple moving average near $83,000. This level carries both psychological weight and technical importance. The price hasn’t closed a day above that level yet. So that’s the first thing in the way. If it does break through and stay there, then $89,000 probably becomes the next stop.
Break that one too, and people are looking at $94,000. A few are even watching for $100,000 if things really pick up. But all of that depends on one thing: price needs to clearly push past $83,000 and stay there. Without that, the Bitcoin price may remain capped below resistance for now.
U.S. Crypto Bill Update: Clarity Act Breakthrough Moves Market Closer to Regulation
The Clarity Act has faced delays in the Senate due to a dispute over stablecoin yield. Banks pushed back against allowing crypto firms to offer passive yield on holdings like USDC, warning it could draw deposits away from traditional banking. Estimates pointed to a potential 20% reduction in funds available for lending, raising concern across the sector.
A compromise has now been introduced by Senators Tillis and Alsobrooks. Under the updated terms, crypto companies cannot offer passive yield for simply holding stablecoins. They can, however, provide rewards tied to real activity, including transactions or network participation. This distinction addresses the core concern from banks without removing utility from crypto platforms.
🚨 Congress could be just 3 weeks away from passing the Crypto Market Structure Bill.
— Bull Theory (@BullTheoryio) May 5, 2026
The CLARITY Act has been stuck in the Senate for months because of one specific fight, whether crypto companies should be allowed to pay yield on stablecoins.
Banks were furious about this… pic.twitter.com/hGRtQbn1wc
Senator Bernie Moreno thinks the bill will be done by the end of May. A key committee vote could happen as soon as May 11. So the legislation is almost finished, closer than any time since they first wrote it.
The implication is clear. Regulatory clarity removes a major barrier for institutional capital. The stablecoin sector already processes trillions in transaction volume without a defined legal framework. Once rules are in place, large financial players that have remained cautious may begin allocating capital more actively into the space.
Read Also: Crypto Price Prediction For Today, May 5: XRP, Toncoin (TON), And PEPE
Other Crypto News Today
SKYAI has become one of the most talked-about tokens this week. The coin went from $0.08 to about $0.78 in just a few weeks. That is a gain of over 2,300% in 2026, and more than 4,100% from 2025.
A jump that fast gets people looking. But it also made folks wonder what is really behind it and whether things are as clear as they should be. Analyst Seth points to the lack of clear project details and an anonymous team.
The SKYAI price has now dropped 19.69% in the past 24 hours to $0.530, with trading volume rising 43% to $267.8 million. The numbers show the asset got overheated, with its RSI above 85 before the drop. That usually means a cool-down is coming. People were taking profits after a run that couldn’t last. It doesn’t necessarily mean the whole thing has turned around.
Another crime
— Seth (@seth_fin) May 4, 2026
We should make this illegal $SKYAI got nothing going on. Nobody heard about it before and it just goes vertical from 0.08 to 0.8 USD in a few weeks.
Up 2300% in 2026 and nobody heard a thing about it. The website is just a bad screenshot with nothing on it.… pic.twitter.com/P5fZ427DHK
Derivatives data adds context. SKYAI ranked among the top losers on Binance Futures USDT pairs, with leveraged positions unwinding. Early catalysts, including a Bitget listing and product updates, have already been priced in. Without fresh drivers, momentum faded and traders began exiting positions.
In contrast, Polygon introduced a technical upgrade focused on privacy. Its wallet now supports shielded USDC and USDT transfers using zero-knowledge proofs.
The “Privately Send” feature hides transaction details such as sender, receiver, and amount. Each transfer still undergoes KYT screening, and the system remains non-custodial. This balances privacy with compliance, a combination that could appeal to both users and regulators.
Polygon Wallet Adds Shielded USDC and USDT Payments
— Wu Blockchain (@WuBlockchain) May 5, 2026
Polygon Labs has launched shielded stablecoin payments in its wallet, supporting USDC and USDT. Users can now choose a "Privately Send" option, which routes transfers through Hinkal’s shielded pool instead of a standard… pic.twitter.com/Lgzf8jk1Ds
Conclusion – Strong Signals, But Mixed Market Behavior
Bitcoin is getting stronger. If it breaks through the wall at $83,000, the next stop could be $94,000 to $100,000. On top of that, the Clarity Act is almost done. That clears away one big thing that kept big investors on the sidelines.
Not everything is positive. SKYAI’s rapid rise and decline show the risks tied to low-transparency tokens, even in a rising market. Also, developments like Polygon’s privacy upgrade show continued innovation at the protocol level.
The market is advancing on two fronts, price recovery and regulatory progress. If both hold, the next phase could bring stronger participation and more stable growth across the sector.
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