Bitcoin Defies Odds with Stunning Rebound Amid Market Volatility
The cryptocurrency market experienced significant fluctuations over the past week, influenced by various factors such as American inflation data and monetary decisions from major central banks.
On September 13, the release of US Consumer Price Index (CPI) figures revealed ongoing inflation concerns. Bitcoin's price initially fell to $76,000 before rebounding sharply to $79,800, only to suffer a subsequent rejection within an hour.
The market stabilized around $77,000 over the weekend but remained volatile. On Monday, the price dropped to $76,400 before recovering to $79,600 in anticipation of the Senate's vote on CLARITY.
The bill's rejection led to a new market downturn, with Bitcoin plummeting to $75,000, its lowest level in three weeks. However, buyers managed to defend this zone, maintaining a stable base ahead of the FOMC meeting.