Bitcoin’s price surpassed $81,000 on Friday, rising nearly 6% over 24 hours, despite a week of setbacks for the crypto industry. Lawmakers blocked the long-awaited Clarity Act on Tuesday, a bill meant to establish clear rules for the crypto sector, while the Federal Reserve raised interest rates on Wednesday to combat U.S. inflation. Fed Chair Kevin Warsh stated that price stability was the institution’s top priority. U.S. Bitcoin ETFs experienced net negative flows of approximately $427 million this week, but Thursday marked a reversal with $160 million in inflows, according to Farside Investors data.
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