Markets· ★★★★· bullish·

Bitcoin rises 5% above $80,000, shrugging off CLARITY Act failure

  • —Bitcoin gained 5% on the day; the break above $78,000 resistance triggered short covering
  • —A House committee approved the Strategic Bitcoin Reserve, requiring coins to be held for at least 20 years
  • —Next resistance is the $80,000–$82,000 range, warned Nick Puckrin of Coin Bureau
  • —Traders are actively buying call options to bet on further gains
Why it matters: The market showed it can ignore political negatives, and congressional approval of a BTC reserve could become a new demand driver.
#BTC
Source: Siam Blockchain
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