Bitcoin Holds Above $81,000 Despite CLARITY Act Failure and Fed Rate Hike
- —CLARITY Act failed a Senate cloture vote on September 15, 50-49, short of the 60-vote threshold
- —The Fed raised rates 25 bps to 3.75%-4.00% on September 16, the first hike since July 2023
- —US spot bitcoin ETFs drew $433.03 million on September 18 and $159.45 million the day before
- —The CFTC sent crypto market-structure rules to the OMB on September 17; the SEC allowed tokenized NMS equities to trade on blockchain platforms
Why it matters: Markets showed agency rulemaking matters more than the stalled bill; $82,500 is the key resistance for further upside.
Source: Blockhead