Bitcoin Reclaims $80,000, Ethereum Nears $2,620 Despite Hawkish Fed, CLARITY Act Setback
10 Articles
10 Articles
The Economic Times
Times of IndiaBitcoin reclaims $80,000, Ethereum nears $2,620 despite hawkish Fed, CLARITY Act setback
Bitcoin reclaimed $80,000 and Ethereum approached $2,620 as crypto markets recovered despite a hawkish Federal Reserve stance and uncertainty around the CLARITY Act. Improving risk sentiment, cooling oil prices and short liquidations supported the rebound, while ETF outflows, elevated rates and regulatory uncertainty remain key factors shaping the market outlook.
Crypto Market Cap Gains Over $210 Billion Since CLARITY Act Failed in Senate
The total cryptocurrency market capitalization has climbed by more than $210 billion since the U.S. Senate failed to advance the Digital Asset Market Clarity Act. Bitcoin rebounded above the $81,000 mark, trading as high as $81,907, and extending a sharp recovery that has triggered a strong rally in crypto-linked stocks. The recovery comes after Bitcoin […]
In September, amidst a simultaneous onslaught of negative factors including interest rate hikes, soaring oil prices, and a strong dollar, the price of Bitcoin is showing signs of holding firm. Experts interpret the fact that the price has not fallen significantly despite all the negative news as a "signal that everyone who wanted to sell has already sold," placing weight on the possibility of a future rebound. According to CoinDesk, a media outl…
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