Fed Hike Lifts Bitcoin to $81,322 as CLARITY Act Stalls
Bitcoin has climbed to $81,322 following a Federal Reserve rate hike, a move Arthur Hayes credited despite the Senate's rejection of the CLARITY Act, though Grayscale analysts argue the hike is a minor mid-cycle adjustment that will primarily benefit stablecoin issuers rather than drive broad crypto price movements.
Grayscale's head of research, Zach Pandl, pushed back on Hayes' narrative, characterizing the Fed's move as a mid-cycle adjustment that historically does not derail bull markets, while noting that higher rates should directly boost revenues for stablecoin issuers like Circle and Tether.
Source: TradingViewBitcoin reached $81,322 after the Federal Reserve raised rates, a move Arthur Hayes credited for the rally despite the failure of the CLARITY Act in the Senate.
Source: Stocktwits
