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Bitcoin surged past $81,012 and Ethereum approached $2,622 as crypto markets rebounded, defying a hawkish Federal Reserve stance and regulatory uncertainty over the CLARITY Act. The rally, driven by cooling oil prices and short liquidations, saw Bitcoin rise 4.6% and Ethereum climb 6% in 24 hours, highlighting crypto's resilience amid macroeconomic headwinds.

Bitcoin's rebound to $81,012 and Ethereum's near $2,622 marked a sharp recovery for crypto markets, despite the Federal Reserve's tightening stance and setbacks for the CLARITY Act. The rally was fueled by improving risk sentiment, cooling oil prices easing inflation concerns, and short liquidations that cleared bearish positions. Over the past 24 hours, Bitcoin gained 4.6% and Ethereum rose 6%, with altcoins like BNB, XRP, Solana, and Dogecoin surging up to 6.2%.

The global crypto market capitalization hit $2.86 trillion on Saturday, up 4.1% from the previous day, reflecting renewed investor confidence. However, ETF outflows—Bitcoin ETFs shifted from $159.9 million inflows to $450.33 million and $295.98 million outflows, while Ethereum ETFs moved from $121 million inflows to $141 million and $224.11 million outflows—highlighted institutional caution. Analysts noted that while short liquidations and falling volatility supported the rebound, elevated interest rates and regulatory uncertainty remain key risks.

The CLARITY Act's setback, which delays legislative clarity on crypto oversight, added to market uncertainty. Nischal Shetty of WazirX emphasized that ETF activity reversed during the week, with spot demand and derivatives positioning absorbing part of the selling pressure. "The focus now shifts to whether the breakout can hold," said Riya Sehgal of Delta Exchange, noting that Bitcoin's position above $80,000 and Ethereum's hold above $2,580–$2,600 would preserve the near-term structure.

Crypto markets showed resilience against Fed tightening and regulatory ambiguity, but sustained gains depend on resolving legislative uncertainty and managing ETF outflows. The key uncertainty remains whether the recent price breakout can hold amid elevated rates and ongoing regulatory challenges.

Topics: Cryptocurrency, Blockchain, Financial Markets, Bitcoin, Ethereum, ETFs, Regulatory Compliance, Market Volatility, Digital Assets, Investment

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Source: ET Markets