Bitcoin Rips Back Above $80,000 and These 5 Altcoins Went Vertical

Why Did Bitcoin Suddenly Jump Back Above $80,000?Nobody was positioned for this one. The week handed the market three headlines that should have crushed it: a Fed rate hike, a Bank of Japan rate hike, and a failed crypto bill. The Clarity Act stalled in the Senate and pushed Bitcoin as low as $75,000. Then the market did the opposite of what the script said.$Bitcoin reclaimed $80,000 on Friday morning, jumping more than 5%. The trigger was regulatory, not monetary. After the Clarity Act failed to advance, the SEC stepped in on Thursday with a conditional exemption allowing certain tokenized stocks to trade on blockchains for the next five years, and the CFTC filed its own crypto asset rulemaking to the White House for review. Agencies kept building the framework that Congress could not pass.BTC chart in USDThe rest was mechanics. Spot Bitcoin ETFs saw net inflows of $159.5 million on Thursday, and 111,660 traders were liquidated for $547.80 million over 24 hours, with short positions accounting for $431 million of that. Translation: everyone leaning short got run over. The Crypto Fear and Greed Index jumped to 71, firmly in "Greed," up from 56 the day before.And when Bitcoin stops ...