Bitcoin reclaims $81,000 after dropping below $75,000
- —BTC reached $81,636, its highest since September 4
- —A week earlier the price fell below $75,000
- —The rally was accompanied by mass short covering
- —Background: the failure of the CLARITY Act and Federal Reserve decisions
Why it matters: The return of spot demand and a short squeeze may signal a reversal, but sustainability depends on further regulatory signals from the U.S.
Source: Cointribune