On September 18, Bitcoin hit an intraday high of US$81,300, an increase of 6.4%. Ether rose by about 8% at the same time to US$2,645, and mainstream altcoins such as XRP and Solana collectively followed suit. This rebound was mainly driven by a rebound in market risk appetite. Although the US Senate failed to advance the “Clear Act” aimed at clarifying the digital asset regulatory framework with a 49-50 vote this week, and the Federal Reserve announced an interest rate hike of 25 basis points to 3.75% — 4.00% on September 16, the market had already fully priced this shortfall. Spot Bitcoin ETFs resumed net inflows on Thursday after experiencing a net outflow of about US$746 million over two days. Alex Kuptsikevich, chief market analyst at FxPro, pointed out that the upward momentum was mainly supported by higher US stock indices and increased overall risk appetite. Original article Alice Liu, head of research at CoinMarketCap, believes that the impact of interest rate hikes by the Federal Reserve and the Bank of Japan on the crypto market has basically been digested ahead of schedule. Currently, the more critical question is how rising financing costs will affect market positions in the next few weeks.

On September 18, Bitcoin hit an intraday high of US$81,300, an increase of 6.4%. Ether rose by about 8% at the same time to US$2,645, and mainstream altcoins such as XRP and Solana collectively followed suit. This rebound was mainly driven by a rebound in market risk appetite. Although the US Senate failed to advance the “Clear Act” aimed at clarifying the digital asset regulatory framework with a 49-50 vote this week, and the Federal Reserve announced an interest rate hike of 25 basis points to 3.75% — 4.00% on September 16, the market had already fully priced this shortfall. Spot Bitcoin ETFs resumed net inflows on Thursday after experiencing a net outflow of about US$746 million over two days. Alex Kuptsikevich, chief market analyst at FxPro, pointed out that the upward momentum was mainly supported by higher US stock indices and increased overall risk appetite. Original article Alice Liu, head of research at CoinMarketCap, believes that the impact of interest rate hikes by the Federal Reserve and the Bank of Japan on the crypto market has basically been digested ahead of schedule. Currently, the more critical question is how rising financing costs will affect market positions in the next few weeks.