(Bloomberg) — Crypto markets gained on Monday as optimism over a key US crypto bill revived risk appetite across the digital-asset spectrum.

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The rally came as the odds of the market regulation Clarity Act passing this year climbed from as low as around 14% to near 30% on Polymarket, still a long shot but a sharp repricing of its prospects.

Bitcoin — which accounts for around 60% of the market value of all cryptocurrencies — again approached the $80,000 price level, increasing as much as 1.5% to $78,452. Shares of crypto-related companies rallied more, with digital exchange Coinbase Global Inc. jumping as much as 8% and stablecoin issuer Circle Internet Group Inc….