Bitcoin's price has recovered above $80,000, following a decline triggered by the Federal Reserve's interest rate hike and the stalled CLEAR Act.
Bitcoin's price fell from the low $80,000 range to approximately $75,000 at the beginning of the month, influenced by the Federal Reserve's first interest rate hike since 2023 (a 25 basis point increase to 3.75%-4%) and the U.S. Senate's failure to advance the Clarity Act, which hindered efforts to establish a federal regulatory framework for digital assets. On September 18, Bitcoin surged over 5%, briefly surpassing $80,000 to reach approximately $80,700-$80,900. On the same day, U.S. spot Bitcoin ETFs attracted about $160 million in net inflows, reversing the outflows of the previous two trading days.
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Source:U.Today · Source Link
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