Bitcoin has stayed near $78K even after several events that could have put pressure on the market.
The CLARITY Act failed to move forward in the Senate. The Federal Reserve also raised rates for the first time in more than three years.
The Bank of Japan raised rates too while the Bank of England kept rates unchanged.
Despite all this Bitcoin has only fallen around 1.5% in September so far. That is notable because September has often been a weak month for Bitcoin.
Bitcoin also recovered quickly after briefly falling below $75K earlier this week.
Some market watchers see this as a sign that selling pressure may be getting weaker.
The SEC also brought some positive news with a new exemption for certain tokenized stock platforms.
Bitcoin is still facing pressure from rates oil prices and a stronger dollar. But so far the market has remained relatively steady.
$BTC $BNB $CFG
The CLARITY Act failed to move forward in the Senate. The Federal Reserve also raised rates for the first time in more than three years.
The Bank of Japan raised rates too while the Bank of England kept rates unchanged.
Despite all this Bitcoin has only fallen around 1.5% in September so far. That is notable because September has often been a weak month for Bitcoin.
Bitcoin also recovered quickly after briefly falling below $75K earlier this week.
Some market watchers see this as a sign that selling pressure may be getting weaker.
The SEC also brought some positive news with a new exemption for certain tokenized stock platforms.
Bitcoin is still facing pressure from rates oil prices and a stronger dollar. But so far the market has remained relatively steady.
$BTC $BNB $CFG
