Bitcoin Returns to $80,000 as Altcoins Join the Rally
- —Bitcoin broke through $80,000 on ETF inflows and short covering
- —ETH, BNB and SOL rose 35%, 25% and 41% over the month
- —Market capitalization reached $2.66 trillion
- —The rally came despite a Fed rate hike and the failure of the CLARITY Act
Why it matters: The market's resilience to hawkish Fed policy and the failure of the CLARITY Act points to a possible end to the cyclical winter.
Source: Yahoo Finance Crypto