Bitcoin hit an intraday high of $81,400 on Friday, approaching the resistance zone at $82,000-$82,200 that has blocked every recovery attempt since late August. US spot Bitcoin ETFs recorded net inflows of $433 million on September 18, recovering part of the $746.3 million that exited on September 15 and 16. The Federal Reserve delivered its first rate hike in three years, raising its target to 3.75%-4.00%, and the Senate failed to advance the CLARITY Act, leaving the sector without a regulatory framework. This weekend, any break above $82,000 will occur without US ETF-share trading, whose share of total volume has fallen to 16% in 2024 from 28% in 2019, increasing the risk of exaggerated moves in either direction.
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