Crypto Markets Surge Amid Clarity Act Hopes and Risky Chainflip Hack
Crypto markets saw a surge in prices across the board on September 14, with Bitcoin reaching $77,816.61 and the total crypto market cap hitting $2.73 trillion according to CoinGecko.
The revised Clarity Act text from Senate Republicans is being credited as the main reason behind the bullish sentiment, with a cloture vote scheduled for Tuesday.
However, the rally came with a risk story of its own as Chainflip lost $736,442.17 in USDT to a TRON-based exploit.
The upcoming Fed meeting on September 16 is also a key factor to watch, with odds favoring a 25bps rate hike and US diesel prices hitting a record high at $6.20 per gallon.