Policy momentum reverses crypto slump as Bitcoin rebounds from $75K to $81K
Crypto markets swung sharply over the week, after the CLARITY Act failed and Bitcoin slid to $75K as bearish sentiment built. The Federal Reserve then raised rates for the first time in three years, adding to short positioning and expectations of further downside. Momentum later flipped as a Strategic Bitcoin Reserve bill advanced, a crypto tax bill passed, the SEC said it will create crypto rules and approved onchain stock trading, and the CFTC sent crypto market rules to the White House for review. Bitcoin rebounded to $81K, ETH closed above $2,600 for the first time since January 2026, and total altcoin market cap reached an eight-month high.