#ุชุญููู_ุงูุนู ูุงุช_ุงูุฑูู ูุฉ #ุชุฏุงูู_ุงูุนู ูุงุช_ุงูู ุดูุฑุฉ #ุงูุชุตุงุฏ_ูุง_ู ุฑูุฒู @follower @Binance BiBi @everyone $GOOGL.US
Bitcoin rose above the $81,000 level on Saturday, as a wave of short-position liquidations and renewed spot demand pushed the cryptocurrency toward recovering from losses it had incurred due to higher interest rates and the stalled progress of crypto legislation in the United States.
Bitcoin climbed to $81,702.00 on 18/09 after trading near $76,400.00 the previous day, marking its first break above the $80,000 level since 07/09. The worldโs leading digital asset was trading at $81,331.30 by 01:40 a.m. Saudi time, up 5.65% for the day.
This rebound came after a tough week for high-risk assets, as the Federal Reserve raised interest rates by 25 basis points, while the Bank of Japan also opted for a similar increase of a quarter of a percentage point, bringing its rate to 1.25%, the highest level of its monetary policy in 31 years.
Bitcoin initially slipped toward the $75,000โ$76,000 range, but the anticipated sell-off following the Bank of Japanโs decision did not materialize. Spot U.S. Bitcoin exchange-traded funds (ETFs) recorded inflows of about $159 million on 17/09, providing fresh immediate demand.
Then came a sharp wave of short-position covering that accelerated the rebound on Friday, with roughly $192 million worth of leveraged positions in crypto liquidated in just one hour, including more than $183 million in short positions. Bitcoinโs share of these short positions was about $119 million of the total.
Regulatory uncertainty continues to command attention after the U.S. Senate failed to pass the CLARITY bill this week. Since then, the Commodity Futures Trading Commission (CFTC) has submitted a separate proposal for the crypto-asset market to the White House Office of Management and Budget, though its details have remained under wraps.
The Securities and Exchange Commission (SEC) also announced an innovation exemption that gives eligible platforms a five-year grace period to list on-chain token trading for certain on-chain tokens without needing to register as securities exchanges.
The Commodity Futures Trading Commission (CFTC) has, in turn, issued accommodations that allow certain software providers to connect users to regulated derivatives markets without registering as identifiable brokers, subject to specific restrictions.
Market indicators point to cautious optimism following Bitcoinโs rebound, as many traders estimate the probability of Bitcoin reaching $84,000 before falling back to $55,000 by 84%.
Confidence slips at higher levels, as Polymarket traders estimate a 59% chance of Bitcoin reaching $90,000 this year, while the probability for $100,000 does not exceed 25%. Downside risk remains, however, as the platform has flagged a 48% chance that Bitcoin will fall to $70,000 before the end of the year.
Cryptocurrency prices today: Altcoins rise as the week ends
Broader cryptocurrency prices rose in most cases on Friday, based on the latest market snapshot.
Ether, the worldโs second-largest cryptocurrency, rose 6.37% to $2,619.81.
XRP, the worldโs third-largest cryptocurrency, rose 8.97% to $1.42.
Solana rose 10.54% to $113.57, while BNB climbed 1.78% to $762.00.
Cardano rose 8.93% to $0.23, while Dogecoin gained 6.62%.
In the memecoin market, TRUMP was largely unchanged during the day, while Shiba Inu rose 3.98%.
This article has been translated with the help of an AI program and has been reviewed by an editor. For more details, please refer to our Terms and Conditions $ZEC .
