Bitcoin surged more than 5% on Friday, climbing from under $77,000 to over $80,800, its highest level since September 7, erasing losses triggered by three monetary tightening decisions made within 72 hours by the Fed, the Bank of Japan and the Bank of England. The CFTC filed two crypto market regulatory proposals on September 17 with the Office of Information and Regulatory Affairs, two days after the US Senate rejected the CLARITY Act by a 49-to-50 vote. Bitcoin spot ETFs attracted $324.6 million on September 18, with Fidelity’s FBTC accounting for $310.7 million of that total, following two consecutive days of massive outflows totaling $746 million. The SEC had separately submitted its own crypto custody rule overhaul to the White House weeks earlier, with both regulators moving in parallel while Congress remains stalled.
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