($BTC ) Bitcoin is holding around $78K despite several major market events this month.
The Fed raised rates to 3.75%–4.00%, while the BOJ lifted its policy rate to 1.25%, its highest level in decades. At the same time, the CLARITY Act failed to advance in the Senate. Yet BTC has remained relatively resilient instead of experiencing a deeper sell-off.
Another important development is the SEC's temporary Innovation Exemption, which allows qualifying venues to facilitate limited on-chain trading of tokenized NMS stocks under specific conditions. The exemption is temporary and conditional, with safeguards around transparency, trading limits and investor protection.
Meanwhile, falling oil prices and easing Treasury yields have provided some relief to risk assets.
Key level to watch: BTC's $82K area remains an important resistance zone. If Bitcoin continues holding near $78K, market participants may focus on whether buyers can eventually push price back toward that level.
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Analysis only — not financial advice or a buy signal.
