Bitcoin returns to $80,000 after CLARITY Act failure and Fed rate hike
- —BTC fell below $75,000 after the CLARITY Act vote failed (49-50)
- —The Fed raised rates by 25 bps to 3.75–4.00%, the first hike since 2023
- —Bitcoin ETF outflows over two days totaled about $746 million
- —On September 17 ETF inflows returned to $159.5 million, with IBIT attracting $183.7 million
Why it matters: Bitcoin absorbed two bearish catalysts; holding above $80,000 would turn the level from resistance into support, with the next target at $82,000.
Source: Coinpaper