Markets· ★★★★· bullish·

Bitcoin weathers September storm: Fed rate hike and CLARITY Act failure don't sink market

  • —Bitcoin at $78,000, down 1.5% for the month, up 32% for the quarter
  • —The CLARITY Act failed to reach 60 votes in the Senate: only 49
  • —The Fed raised rates by 25 bps, the Bank of Japan to a 31-year high
  • —WTI oil above $106, the dollar index exceeded 100
Why it matters: Resilience to bad news points to seller exhaustion; an improvement in macro or regulation could provide a growth impulse.
#BTC
Source: CoinDesk
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