Bitcoin Clocks Third Day of Gains After Tech-Fuelled Relief Rally

Polymarket bettors give Bitcoin a 51% chance of dropping to $75,000 by September's end, and a 70% chance of rebounding to $80,000. Bitcoin traded near $77,000, down from its October 2023 high. The Fed's rate hike to 3.75%-4% pressured prices, as higher rates typically weigh on Bitcoin. Institutional demand remains, with spot Bitcoin ETFs seeing $987 million in inflows early September.

Bitcoin (BTC) rebounded 33% from its July low of $57,800, but remains 40% below its all-time high. The current bear market cycle has lasted 290 days, the fourth-longest since 2014. Institutional demand has improved, with US spot Bitcoin ETFs seeing $3.52 billion in net inflows in August. However, regulatory uncertainty and Fed rate hikes may weigh on BTC. On-chain data shows a mixed picture, with bullish long-term indicators but cooling short-term demand.

Bitcoin rose 1.4% to $77,560.9 as crypto markets recovered from earlier losses, driven by SEC's tokenized stock exemption and broader risk-on sentiment. Ether and altcoins like Solana and Cardano also gained. The SEC's move helped markets overlook the failure of the Clarity Act in Congress.

Bitcoin has risen 38% despite the U.S. Senate's failure to advance the Clarity Act, a digital-asset market structure bill. Analysts now believe Bitcoin's price is more influenced by interest rates and institutional fund flows than regulatory changes. Bitwise's CIO revised his earlier view, citing Bitcoin's gains and financial firms' expansion into the market. Bitcoin's commodity status and existing infrastructure, like ETFs, support its rally. Analysts highlight interest rates and ETF inflows as

Crypto markets remain volatile due to Fed policy, CLARITY Act failure, and rising Treasury yields. Bitcoin fell 2.5% to $75,600, with other major coins also lower. The Senate's 49-50 vote against the CLARITY Act increased regulatory uncertainty. Higher yields and oil prices added pressure on risk assets, according to XS.com's Simon-Peter Massabni and Global Settlement Network's Ryan Kirkley.

Bitcoin ETFs saw a net inflow of $159.5M on 2026-09-17, with IBIT leading at $183.7M. Bitcoin price is $77495.89, within Bollinger bands, with resistance at $77635.19 and support at $77159.95. Technical indicators suggest continued bullish momentum.