Bitcoin back at $80,800, crypto stocks up 5-13% after CLARITY Act failure
- —Bitcoin +5% in 24 hours to $80,800, high of $81,034 on Bitstamp
- —Strategy +13%, Coinbase and American Bitcoin +11%, Robinhood +9%
- —On September 17 the CFTC granted no-action relief to passive software providers
- —$250 million in shorts were liquidated over 4 hours as the UST30 yield rose to 5.34%
Why it matters: The market is recovering from the CLARITY Act failure thanks to regulatory relief from the SEC and CFTC; the key level is resistance at $82,000.
Source: Digital Today