Crypto Market Cap Adds $150B Daily as Bitcoin (BTC) Soars Past $81K: Weekend Watch

Many alts have marked double-digit pumps, including PIEVERSE, MORPHO, INJ, and ENA.

It was difficult to imagine, after the developments that took place in the middle of the week, what would transpire on Friday, but BTC’s price somehow skyrocketed past $81,000 for the first time in half a month.

The altcoins have also turned green today, with ETH reclaiming $2,600, XRP bouncing above $1.40, and SOL rocketing past $110.

BTC Flies Above $81K

After the heightened volatility on the previous Friday following the release of the US CPI Data, bitcoin’s price calmed over the weekend at around $77,000. All eyes turned to the subsequent business week, which was expected to be a big one.

The first major event took place on Tuesday when the CLARITY Act was scheduled to be voted on in the US Senate. The vote didn’t go well, and the Senate rejected advancing the key bill. The largest cryptocurrency reacted with an immediate leg down that drove it to $75,000. More fluctuations ensued a day later when the US Federal Reserve hiked the rates for the first time in over three years, and BTC went down but then back up to $76,500 within minutes.