Picture this: Bitcoin pushing toward $87K even as the CLARITY Act stalled on a procedural vote.
Traders often lose money chasing every regulatory headline, FOMO buying the news then getting rugged by a rate surprise they missed. It leaves you guessing when to exit.
The stalled bill looks like a problem, but $BTC's next move may depend more on interest rates and liquidity. Fed funds sit between 3.75% and 4.00% while the 10-year Treasury hit 5.20% on September 24. PMI climbing to 58.4 suggests the economy is holding up, which could mean an October hike that pressures assets like we saw in 2022 with $BTC , $ETH and $SOL .
ETF inflows supported that run to $87K though. Sustained demand there might offer a cushion this cycle, unlike earlier periods when competing projects had no such backstop. Macro often wins over delayed legislation, just as it did during past Fed tightening.
Where do you think this goes from here?
#Bitcoin #InterestRates #Crypto
Traders often lose money chasing every regulatory headline, FOMO buying the news then getting rugged by a rate surprise they missed. It leaves you guessing when to exit.
The stalled bill looks like a problem, but $BTC's next move may depend more on interest rates and liquidity. Fed funds sit between 3.75% and 4.00% while the 10-year Treasury hit 5.20% on September 24. PMI climbing to 58.4 suggests the economy is holding up, which could mean an October hike that pressures assets like we saw in 2022 with $BTC , $ETH and $SOL .
ETF inflows supported that run to $87K though. Sustained demand there might offer a cushion this cycle, unlike earlier periods when competing projects had no such backstop. Macro often wins over delayed legislation, just as it did during past Fed tightening.
Where do you think this goes from here?
#Bitcoin #InterestRates #Crypto
