Bitcoin Surges to New High Despite Regulatory Hurdles and Rate Increase

On the eve of this week, Bitcoin (BTC) surged to a new daily record, surpassing the US$ 81,000 mark. This notable rise occurred despite a challenging week for the crypto industry, marked by the failure of the Clarity Act and the Federal Reserve's increase in interest rates. The Clarity Act aimed to establish regulatory clarity for the digital asset sector but was blocked through procedural voting. Additionally, the Fed's decision to hike interest rates is a direct response to soaring inflation in the United States, despite doubts about its true impact on global economic trends. Bitcoin's robust performance can be seen as a vote of confidence from investors in an asset that has historically fared well during low-interest-rate environments. This suggests at least temporary resilience against regulatory and macroeconomic challenges. However, the market remains closely watching policy changes in regulation and economics.