Bitcoin Is Back Above $85,000. Why Is BTC Rallying Despite the Fed and CLARITY Act?

Bitcoin has returned to the center of the market after a violent reversal from last week’s lows.

The Bitcoin price recovered from below $76,000 and pushed back above $85,000, and its return came despite higher rates, regulatory disappointment, and stubborn macro pressure, which has reignited the question of why Bitcoin is rallying now.

For traders following Bitcoin news, the Bitcoin price today reflects a sharp reversal from last week’s weakness.

Related: Crypto Tax Bill Just Changed: What the New US Rules Could Mean for Bitcoin, Stablecoins and Staking Bitcoin Reclaims $85,000 After Falling Below $76,000 BTC Rebounds More Than 10% From Last Week’s Low Bitcoin has gained more than 10% from last week’s low near the mid-$75,000 area.