Browsing: Bitcoin

CoinMarketCap Research’s Alice Liu says a failed CLARITY Act vote, not today’s Fed decision, is driving Bitcoin’s price – and the usual macro playbook no longer applies.

Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600.

Bitfinex provided critical insights into the recent dynamics surrounding Bitcoin’s price movement, specifically noting that Bitcoin broke its 24-day range, closing at $75,702, down 3.2%. On the same day, ETFs sold $450.4 million worth of Bitcoin. This commentary underscores the growing institutional interest and could signal future market behavior. Read more here.