Weekly Wrap: Bitcoin Climbs Back Above $80,000 Amid Fed Rate Hike and Regulatory Shifts
Yahoo Finance ·
Digital assets rebounded ahead of the weekend following a volatile week driven by the U.S. Federal Reserve raising interest rates by 25 basis points. On September 18, Bitcoin climbed 6% to $80,850, recovering from near $75,000 on September 16. Ethereum advanced 6% and Solana jumped 11%, supported by declining crude oil prices with Brent dropping to $103.80 a barrel. Regulatory news dominated the sector as the Clarity Act failed in the U.S. Senate with 50 votes in favor and 49 against, missing the 60-vote threshold. Consequently, the SEC and CFTC signaled plans to advance independent crypto rules. Meanwhile, Strategy kept its Bitcoin holdings unchanged at 845,050 BTC valued at $65.7 billion while repurchasing 1.42 million preferred shares for $139.3 million. Additionally, Kalshi announced plans to offer U.S. stock perpetual futures, and Hong Kong exchange CoinEx prepared to close after nine years.
AI 시장 분석
Despite the Federal Reserve's 25bp rate hike, Bitcoin surged 6% to reclaim the $80,000 level. Major digital assets such as Ethereum and Solana also rose in tandem, creating a relief rally. The decline in Brent crude prices to $103.80 per barrel provided positive momentum for the cryptocurrency market as well.
상승 영향
- Bitcoin — It rose 6% and recovered the $80,000 mark due to the resolution of the Fed's rate hike uncertainty and the inflow of a relief rally.
- Crude Oil — Global benchmark Brent crude fell to $103.80 per barrel, easing inflation pressures.
하락 영향
- Growth Stocks — Major related company stock prices plummeted by up to 10% as the US Senate defeated the crypto regulatory bill, the Clarity Act.
DYAX 전담 분석
The elimination of uncertainty regarding the Fed's rate hike and the stabilization of falling oil prices combined to push Bitcoin up to $80,850, marking a daily return of 6%. However, regulatory uncertainty remains as the Clarity Act was defeated in the US Senate, causing related crypto company stocks to plummet by up to 10%.
Going forward, whether Bitcoin successfully establishes support above the $80,000 resistance level and subsequent regulatory measures will be key monitoring indicators. The bullish scenario is the continuation of the rally through additional capital inflows, while the bearish scenario is a reversal back to a decline due to the materialization of regulatory risks.
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