Crypto Absorbs Fed and CLARITY Shocks as BTC Tests $81,000
📈 Bitcoin closed the September 14–18 week with a strong rebound, briefly breaking above $81,000 and reaching its highest level in roughly two weeks. Total crypto market capitalization held around $2.73–2.77 trillion, while BTC remained dominant with market share near 55–57%.
🏛️ Policy pressure emerged after the U.S. Senate failed to advance the CLARITY Act through cloture. However, the SEC and CFTC continued moving forward with separate frameworks covering tokenized securities, digital assets and certain DeFi activities, signaling that regulatory development is still progressing despite the lack of congressional consensus.
🏦 The Fed also raised rates by 25 basis points to 3.75–4.00%, its first increase since July 2023. BTC briefly fell toward the $75,000–76,000 area but avoided a deeper breakdown, before recovering as policy concerns eased and spot Bitcoin ETF flows shifted from withdrawals to renewed inflows during the final two sessions of the week.
⚙️ The late-week rally still came with elevated leverage. BTC funding remained positive, open interest expanded, and roughly $238 million in short positions were liquidated as price moved above $80,000. This suggests the rebound was driven not only by spot demand but also amplified by short covering.
🪙 Altcoin flows remained selective, with SOL, HYPE and ZEC outperforming while the altseason index stayed low. For BTC, the $81,000–82,000 area remains a key zone requiring further confirmation, while $76,000–77,000 represents nearby support. Sustaining levels above $80,000 will likely depend more on continued ETF inflows and stable spot demand than on a short-lived squeeze.
#CryptoMarket
$GRAM
📈 Bitcoin closed the September 14–18 week with a strong rebound, briefly breaking above $81,000 and reaching its highest level in roughly two weeks. Total crypto market capitalization held around $2.73–2.77 trillion, while BTC remained dominant with market share near 55–57%.
🏛️ Policy pressure emerged after the U.S. Senate failed to advance the CLARITY Act through cloture. However, the SEC and CFTC continued moving forward with separate frameworks covering tokenized securities, digital assets and certain DeFi activities, signaling that regulatory development is still progressing despite the lack of congressional consensus.
🏦 The Fed also raised rates by 25 basis points to 3.75–4.00%, its first increase since July 2023. BTC briefly fell toward the $75,000–76,000 area but avoided a deeper breakdown, before recovering as policy concerns eased and spot Bitcoin ETF flows shifted from withdrawals to renewed inflows during the final two sessions of the week.
⚙️ The late-week rally still came with elevated leverage. BTC funding remained positive, open interest expanded, and roughly $238 million in short positions were liquidated as price moved above $80,000. This suggests the rebound was driven not only by spot demand but also amplified by short covering.
🪙 Altcoin flows remained selective, with SOL, HYPE and ZEC outperforming while the altseason index stayed low. For BTC, the $81,000–82,000 area remains a key zone requiring further confirmation, while $76,000–77,000 represents nearby support. Sustaining levels above $80,000 will likely depend more on continued ETF inflows and stable spot demand than on a short-lived squeeze.
#CryptoMarket
$GRAM
