Bitcoin Surges Past $80,000 Despite Rate Hikes and Regulatory Hurdles Bitcoin ($BTC ) has reclaimed headlines by surging past the $80,000 threshold, gaining roughly 5% in 24 hours. What makes this movement particularly interesting to traders and observers is its resilience: Macro Headwinds Ignored: The rally came right after the U.S. Federal Reserve raised interest rates by 25 basis points. Typically, rate hikes pull liquidity out of risk assets like crypto, but Bitcoin absorbed the pressure and broke upward instead. Regulatory Stalls: The market shrugged off news that the Senate failed to advance the CLARITY Act, a major bill meant to establish a clear federal market framework for digital assets. Short Squeeze: The unexpected move above $80,000 triggered over $180 million in liquidated short positions within hours, accelerating the upward momentum. Featured Coin: Bitcoin (BTC) Current Price Target: $80,100–$80,200 Key Catalyst: Strong institutional holding and decoupling from traditional macroeconomic shock events.