#BTC
Cryptocurrency
Bitcoin shrugs off Fed rate hike and CLARITY Act setback - is macro losing its grip?
Bitcoin is holding above $80,000 despite higher rates and a regulatory setback, challenging the usual macro playbook
In the past week, Bitcoin has been handed two developments that would normally be treated as fairly straightforward negatives.
The Fed raised interest rates by 25 bps last week, taking the target range to 3.75%–4.00%. And they arguably did so with a more hawkish twist to it. Then, the US Senate failed to advance the CLARITY Act, leaving the crypto industry without the regulatory framework it had been pushing hard to secure.
Cryptocurrency
Bitcoin shrugs off Fed rate hike and CLARITY Act setback - is macro losing its grip?
Bitcoin is holding above $80,000 despite higher rates and a regulatory setback, challenging the usual macro playbook
In the past week, Bitcoin has been handed two developments that would normally be treated as fairly straightforward negatives.
The Fed raised interest rates by 25 bps last week, taking the target range to 3.75%–4.00%. And they arguably did so with a more hawkish twist to it. Then, the US Senate failed to advance the CLARITY Act, leaving the crypto industry without the regulatory framework it had been pushing hard to secure.
