Bitcoin’s $80,000 comeback hits a wall: Why the CLARITY Act vote could trigger the next big swing

The immediate focus is today’s CLARITY Act procedural vote, which would represent meaningful progress toward a clearer US regulatory framework and could improve sentiment across Bitcoin and altcoins.

• Bitcoin briefly surged to $79,435, then traded at $77,642.
• US inflation, Mideast tensions impact crypto market.
• Bitcoin ETFs saw outflows; Ethereum ETFs gained.

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Bitcoin briefly surged just above $79,435 in the early trade on September 15, but quickly trimmed some of those gains to trade at $77,642 (09:53 IST), up 0.14 percent over the past 24 hours, and down 1.48 percent over the week amid hotter US inflation data and rising Middle East tensions.

Rising crude prices also pressured broader risk assets. Attention now shifts to the Fed’s upcoming September rate decision. Oil prices surged above $105 amid Middle East supply concerns, reviving inflation risks, while the US 10-year Treasury yield briefly crossed 5 percent.

"These factors can restrict liquidity and reduce risk appetite across crypto markets. However, Bitcoin’s relative stability suggests underlying demand remains resilient. Overall, macro conditions remain restrictive, but crypto continues to absorb external pressure without a broader breakdown," Nischal Shetty, Founder of WazirX, said.