Bitcoin trades near $81,000 early Monday as crypto markets stabilizes ahead of a key week for regulation, with traders closely watching the upcoming CLARITY Act discussion scheduled for May 14.

Bitcoin ETFs saw $145.7 million in net outflows on Friday, while Ethereum ETFs reported $3.6 million in net inflows.    

Meme coin market capitalization is trading relatively flat with 0.8% gains to $39.5 billion over the past 24 hours.

Trader Commentary: 

Lennart Snyder said Bitcoin is showing early weakness after rejecting the previous daily high and $78,000 remains the critical breakdown level that could trigger additional downside pressure.

Snyder added that bullish continuation would require…

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