Crypto traders braced for a total wipeout this week but Bitcoin had other plans

Crypto traders braced for a total wipeout this week but Bitcoin had other plans

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

A week ago, it felt as if the world was about to fall apart for bitcoin and the wider crypto market.

Most participants expected a Fed rate hike and the Clarity Act’s failure in the Senate to trigger a sharp sell-off.

But it didn’t—even though the Fed hiked rates and the Clarity Act failed in the Senate.

Market participants are split on what drove the resilience and what it means for the near-term outlook.

Explaining the resilience Ahead of the Senate vote on the night of Sept.

14, bitcoin fell as pre-vote jitters grew and rumors circulated about partisan gridlock over stablecoin yields and the bill’s ethics amendments.

However, market analysts believe bitcoin remains insulated from legislative issues and could continue its upward trend.

By the time the senators on Capitol Hill prepared to cast their ballot, bitcoin was already approaching the $75,000 level, where, despite the failure to pass the key crypto bill, it appeared to shrug off the outcome.

Derivatives traders largely anticipated the Senate’s failure to approve the law, according to Jag Kooner, head of derivatives at Bitfinex.

The modest spot reaction reflects a market that was already not positioned for a legislative breakthrough, he said.

Analiz: Piyasa hareketliliği devam ediyor.