Bitcoin Hits 14-Day High Despite CLARITY Setback, Fed and BOJ Rate Hikes: Weekly Recap

It was anticipated to be a massively eventful week for all the cryptocurrency business, and it was.

But first, let’s see what happened exactly seven days in the past. The US CPI information had simply come out, confirming that inflation continues to be persistent. As such, the US Federal Reserve had all of the lacking items to its financial puzzle, and specialists predicted a charge hike on September 16.

BTC went wild after the CPI information was introduced, going from $77,000 to $76,000 earlier than it instantly exploded to $79,800, the place it was violently rejected and pushed south to its start line. All of this occurred inside an hour or so. After this enhanced volatility, the market calmed through the weekend, with BTC buying and selling sideways at round $77,000.

It dipped to $76,400 on Monday earlier than the bulls took management and drove it to $79,600 forward of the important thing CLARITY Act vote a day later. BTC had already retreated to $77,000 when it turned official that the Senate rejected cloture to advance the invoice, and bitcoin plunged to a three-week low of $75,000.

The bulls managed to defend that stage, however the subsequent day was anticipated to be simply as eventful with the conclusion of the FOMC assembly. The Fed certainly hiked the rates for the primary time in over three years, however BTC’s response was extra modest and considerably stunning. The asset slipped to $75,000 as soon as once more initially, however rocketed to over $76,000 inside minutes.

It saved climbing steadily on Thursday and particularly on Friday. Although the BOJ additionally elevated the charges by 25 bps to a 31-year high, BTC truly reclaimed $78,000 through the morning buying and selling session. It stood there for some time, however initiated one other leg up as US buying and selling hours started and rocketed to a two-week peak of $81,000, the place it was stopped, at the least for now.

This signifies that BTC is definitely within the inexperienced through the week by which all main occasions went towards it. Meanwhile, ZEC continues its huge rally, whereas NEAR has rocketed by 35%. UNI is up by over 30% as properly, adopted by HYPE, BCH, and just a few others. RAIN has plummeted by 22%.

Market Data

Market Cap: $2.770T | 24H Vol: $96B | BTC Dominance: 58.6%

BTC: $80,600 (+0.9%) | ETH: $2,570 (-3%) | XRP: $1.37 (-4%)

This Week’s Crypto Headlines You Can’t Miss

Strategy Stays on the Sidelines Again, however Strive Buys More Bitcoin. The week started with a well-known announcement: Strategy refused to purchase extra BTC whereas it continues to concentrate on rebuilding its USD stash. At the identical time, Strive retains accumulating extra BTC, including one other 469 models.

Bitcoin Could Get More Support Than Gold as ETF Hedging Eases: JPMorgan. Analysts on the Wall Street behemoth said BTC could achieve extra worth assist than the valuable steel amid easing ETF hedging demand, with BlackRock’s iShares Bitcoin Trust displaying high brief curiosity.

From Bear to Bull: Analyst Says Bitcoin UTXO Data Points to a Cycle Shift. Bitcoin’s share of addresses sitting at a loss has dropped sharply, and an on-chain analyst said strikes of that measurement have traditionally ended bear markets and usually are not simply producing a brief bounce.

SEC Opens Door to Onchain Stock Trading With New ‘Innovation Exemption’. The regulator has launched an “Innovation Exemption” to advertise secondary buying and selling of tokenized shares on blockchain platforms, easing regulatory burdens for Tokenized Securities Venues.

Seven Democrats Refuse to Give Up on CLARITY Act After Senate Setback. Despite the newest developments on the matter, a number of Democrats stated that this isn’t the tip, pledging to proceed bipartisan efforts for crypto regulatory readability.

CoinEx Calls Time After Nearly Nine Years as Crypto Market Pressure Mounts. After 9 years in existence, CoinEx has decided to close down its platform by the tip of the 12 months attributable to declining crypto market circumstances and elevated regulatory pressures. As such, the alternate joins different main names that fell through the 2026 bear market, akin to BitMart and BitMEX.

Charts

This week, we have now a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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