Bitcoin Reclaims $80,000 as Clarity Act Vote Looms

Bitcoin has seen a significant surge in recent months, reclaiming the $80,000 mark and holding steady above the 100 million won range. This rebound comes after a brief dip to around $58,000 in July.

The rally gained momentum following the U.S. Treasury's announcement on August 19 that it would expand buybacks of long-term Treasuries. This move injected liquidity into the market and boosted demand for risk assets like Bitcoin. Additionally, expectations for formal crypto rules, particularly the Clarity Act, have contributed to the positive sentiment.

The Clarity Act vote scheduled for September 15 is expected to play a crucial role in shaping Bitcoin's next move. If passed, clearer regulations could influence institutional investor appetite and potentially drive further growth.