Bitcoin Surges Past $77K Amid Record Crypto Liquidations

Bitcoin's price has rebounded to $77,000, despite a recent low and a 25-basis-point interest rate hike by the Federal Reserve. The brief recovery triggered over $260 million in short liquidations across the crypto market, indicating heightened volatility.

The failed Senate vote on the CLARITY Act adds regulatory uncertainty for decentralized finance protocols like Curve Finance. Bitcoin maintained its market cap of $1.54 trillion with a 1% daily gain, signaling resilience amid market fluctuations and legislative challenges.

Notable movers in the crypto market include SUSHI, which rose by 13.91%, followed by CAKE with a 13.26% increase, and CRV, which rose by 11.74%. These gains were accompanied by significant sell and buy orders, respectively.