Bitcoin Defies Bearish Trends with Strong Rebound Above $80K

Bitcoin (BTC) has managed to bounce back above $80K despite a week of negative news, including the US Federal Reserve's interest rate hike and Japan's central bank increasing rates to a 31-year high.

The events that had investors on edge last week have now passed, but their impact was not favorable for BTC. The CLARITY Act vote in the US Senate failed, which added to the uncertainty surrounding Bitcoin's short-term prospects.

With all major central banks taking a hawkish stance on interest rates, it is no surprise that investors are cautious about putting their money into assets with high volatility like cryptocurrencies. However, despite this backdrop, BTC has managed to regain its footing above $80K.