Bitcoin Rebounds Above $80,000 Despite Recent Macroeconomic Headwinds

Bitcoin has shown resilience, climbing back above $80,000 despite a series of negative developments last week. The cryptocurrency faced pressure from the failure of the CLARITY Act (US digital-asset market-structure bill) to advance in the US Senate, the Federal Reserve's first interest rate hike in over three years, and the Bank of Japan raising rates to a 31-year high. Although BTC dipped to a low of $75,000 following the legislative setback, it has since recovered, defying expectations of a deeper decline despite a significant capitulation event where over 23,000 BTC were moved to exchanges at a loss.