Tom Lee and iTrustCapital CEO say worst is over: can Bitcoin hold $86,000?
- —BTC at $86,423 versus below $76,000 a week ago
- —CLARITY Act failed a Senate procedural vote on Sept. 15, 50-49
- —Fed raised rates 25 bps to 3.75%-4.00% on Sept. 16
- —$450 million flowed out of Bitcoin ETFs on Sept. 15
Why it matters: Traders are watching whether BTC can post a weekly close above $85,000, with the Sept. 30 PCE inflation revision as the next catalyst.
Source: BeInCrypto FR