Bitcoin Rebounds Following Resolution of Key Financial and Regulatory Events

Bitcoin and the broader crypto market experienced a V-shaped recovery between September 13 and 19. Early in the week, markets faced pressure due to AI industry leaders, including Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI CEO Elon Musk, calling for a slowdown in AI frontier model development. Additionally, the U.S. Senate failed to advance the CLARITY Act, dampening hopes for near-term regulatory clarity. The Federal Reserve subsequently raised interest rates by 25bps to a range of 3.75%–4.00% in a unanimous 12-0 vote. Following the conclusion of these major events, market uncertainty dissipated, triggering a wave of short covering and a sharp rebound in prices. During this period, BTC/JPY closed at approximately 12.7 million yen, and ETH/JPY closed at approximately 412,000 yen.