Bitcoin reclaims $80,000, Ethereum nears $2,620 amid Fed headwinds
Bitcoin has reclaimed the $80,000 mark while Ethereum trades near $2,620 as cryptocurrency markets showed recovery despite a hawkish Federal Reserve outlook and uncertainty surrounding the CLARITY Act.
The rebound was driven by improving risk sentiment, declining oil prices, and short liquidations in the market. However, headwinds persist from ETF outflows, elevated interest rates, and ongoing regulatory uncertainty that continue to influence market direction.
