#LE BITCOIN IS HEADING TOWARD 86,000$, BUT DEMAND REMAINS FRAGILE.
This Monday, the price of the main crypto came close to $86,000, its highest level since the end of January. However, this rebound remains imperfect, because U.S. spot demand has not yet shown strength comparable to the price action.
This rise is happening despite two major obstacles. The U.S. Federal Reserve raised its key policy rate by 25 basis points, a decision that is generally unfavorable for risk assets. In addition, the CLARITY Act, which was supposed to clarify U.S. crypto regulation, also failed to secure the votes needed in the Senate.
This Monday, the price of the main crypto came close to $86,000, its highest level since the end of January. However, this rebound remains imperfect, because U.S. spot demand has not yet shown strength comparable to the price action.
This rise is happening despite two major obstacles. The U.S. Federal Reserve raised its key policy rate by 25 basis points, a decision that is generally unfavorable for risk assets. In addition, the CLARITY Act, which was supposed to clarify U.S. crypto regulation, also failed to secure the votes needed in the Senate.