๐จ BREAKING ๐จ
Bitcoin held around $75,000 despite the U.S. Federal Reserve raising rates and the Senate rejecting the Clarity Act, events that traders had expected could trigger a major sell-off.
๐ฅ The failed Clarity Act vote triggered about $571M in long-position liquidations within 24 hours, but BTC quickly stabilized.
๐ Bitcoin later surged above $80,000, while the broader crypto market recovered strongly.
๐ฅ The rebound forced roughly $470M in short positions across crypto to liquidate, including about $238M in BTC shorts and $85M in ETH shorts.
๐งญ Analysts highlighted $77,950โ$80,000 as important BTC levels; a sustained move above $80K could signal further upside, while a drop below $75K would weaken the recovery.
โ ๏ธ U.S. crypto regulatory uncertainty remains after the Clarity Act failure, although the SEC and CFTC are continuing to advance crypto-related rules through existing authority.
๐ Traders are now watching upcoming U.S. jobs data on Oct. 2 and CPI on Oct. 14, along with ETF inflows and spot buying, for clues on Bitcoinโs next major move.
$BTC
#U.S. #CLARITYAct
Bitcoin held around $75,000 despite the U.S. Federal Reserve raising rates and the Senate rejecting the Clarity Act, events that traders had expected could trigger a major sell-off.
๐ฅ The failed Clarity Act vote triggered about $571M in long-position liquidations within 24 hours, but BTC quickly stabilized.
๐ Bitcoin later surged above $80,000, while the broader crypto market recovered strongly.
๐ฅ The rebound forced roughly $470M in short positions across crypto to liquidate, including about $238M in BTC shorts and $85M in ETH shorts.
๐งญ Analysts highlighted $77,950โ$80,000 as important BTC levels; a sustained move above $80K could signal further upside, while a drop below $75K would weaken the recovery.
โ ๏ธ U.S. crypto regulatory uncertainty remains after the Clarity Act failure, although the SEC and CFTC are continuing to advance crypto-related rules through existing authority.
๐ Traders are now watching upcoming U.S. jobs data on Oct. 2 and CPI on Oct. 14, along with ETF inflows and spot buying, for clues on Bitcoinโs next major move.
$BTC
#U.S. #CLARITYAct
