Bitcoin Hits $81,610 Despite Fed Hike and Volume Drop

Bitcoin traded near $81,610, up 5.2% for the week. This gain occurred despite the Federal Reserve raising rates by 25 basis points. The move defied standard market logic linking high rates to asset weakness.

The rally happened while five negative factors hit risk assets. The CLARITY Act failed in the Senate, and the Bank of Japan hiked rates. The dollar index crossed 100, and oil prices also rose.

Futures markets priced the rate hike accurately

Derivatives traders expected the 25 basis point increase with high certainty. Futures markets assigned a 93% probability to this specific outcome. The final decision matched these pricing calculations exactly.

CryptoRank notes that Bitcoin reacted positively to this monetary tightening. This behavior suggests a potential decoupling from traditional dollar liquidity dynamics. The asset absorbed macroeconomic headwinds without a significant price correction.

Trading volume declined sharply during the rally

Spot and ETF trading volumes fell by nearly 40%. This drop happened during the recent price relief bounce. Low participation signals that liquidity remains thin despite higher prices.

Market makers report muted activity across major crypto trading venues. The disconnect between price strength and volume creates structural risk. Traders should view the current uptrend with caution due to these thin order books.

Macro headwinds failed to suppress Bitcoin

The dollar index crossed back above 100 for the first time in seven weeks. Typically, a stronger dollar pressures non-yielding assets like Bitcoin. However, BTC held its ground above the $80,000 threshold.

Simultaneously, crude oil prices climbed alongside the currency strength. These concurrent increases usually signal a risk-off environment. Bitcoin’s resilience against these forces marks a notable shift in its correlation profile.