Bitcoin Price Surges Above $81,000 Despite Legislative Setbacks and Fed Rate Hike

Bitcoin climbed above $81,000 on Friday, marking a nearly 6% increase over 24 hours despite recent industry challenges. The rally followed the blockage of the CLARITY Act (US digital-asset market-structure bill) by lawmakers and an interest rate hike by the Federal Reserve aimed at curbing inflation. While U.S. spot Bitcoin ETFs saw net outflows of approximately $427 million earlier in the week, inflows turned positive on Thursday with nearly $160 million added to the funds.