Bitcoin recovered to $80K after CPI-driven dip to $76K, while Ethereum hit 8-month highs at $2,660 amid macroeconomic uncertainty ahead of FOMC and CLARITY Act votes.
Regulation & Gov ·
Bitcoin experienced sharp intraday swings following CPI data release, falling to a three-week low of $76,000 before rebounding toward $80,000. Ethereum meanwhile reached $2,660, its highest level in eight months, while altcoins including ZEC, NEAR, DOT, and ICP also posted notable gains. The moves underscore how macroeconomic data continues to drive volatile price action across crypto markets.
Two major catalysts loom: the Federal Reserve's upcoming FOMC meeting and the Senate vote on the CLARITY Act. These events carry potential consequences for regulatory framing and monetary policy expectations that traders are pricing in. Bitcoin whale activity has remained subdued heading into these developments, suggesting major holders are adopting a cautious posture.
What remains unclear is whether current price levels will hold through the policy announcements, or if fresh volatility will emerge once outcomes are known. The inverse correlation between equity market expectations and crypto price swings during this period is not fully characterized in available reports.