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▲ Bitcoin (BTC) ©CoinReaders
Bitcoin (BTC) surged by approximately 5% in a single day, once again testing the $82,000 mark. Despite the U.S. Federal Reserve's (Fed) interest rate hike and the failure of the Clarity Act, a U.S. cryptocurrency market structure bill, to pass a Senate vote, prices quickly recovered. The decline in international oil prices and market liquidity were cited as the backdrop for this rebound.
According to Watcher.Guru, a cryptocurrency specialized media outlet, on September 19 (local time), Bitcoin rose by approximately 5% over the past 24 hours and one week, respectively, with its monthly increase exceeding 17%. With this rise, BTC is challenging the $82,000 mark for the third time since late August 2026. Although the Fed recently raised the benchmark interest rate by 25 basis points, followed by the negative news of the Clarity Act failing to pass in the U.S. Senate, the impact of these two events on the cryptocurrency market did not last long.
The expansion of the U.S. Treasury's bond buyback program was cited as the starting point for the recent upward trend. Bitcoin showed an upward trend after the U.S. Treasury announced in late August that it would increase bond buybacks, and the media suggested that the resulting increase in liquidity may have flowed into the cryptocurrency market. President Trump's White House cryptocurrency event also acted as a bullish factor for the market at the time. Subsequently, BTC saw a correction down to $75,000 due to the failure of the Clarity Act to pass a Senate vote, but it has now recovered those losses.
The decline in international oil prices was also cited as a factor behind this rebound. Expectations were formed that inflation could slow down as energy prices fell, and the logic is that if price pressures decrease, the possibility of future interest rate cuts by the Fed could also increase. The media analyzed that a drop in oil prices might have influenced the recovery of Bitcoin investment sentiment, given that lower interest rates could increase investors' preference for risk assets.
However, it is uncertain whether the upward trend will continue even after breaking past $82,000. This is because current interest rates remain high, and there is a possibility that liquidity released into the market could flow back to the U.S. Treasury as it needs to secure funds again in the future. In such a scenario, liquidity could exit the cryptocurrency market, and Bitcoin prices could again face downward pressure.
The market is also discussing the possibility of Bitcoin recovering to $100,000 by year-end. Bernstein predicted that Bitcoin would reclaim $100,000 by the end of 2026. Watcher.Guru reported that if BTC actually reaches $100,000, it could trigger another bull market in the cryptocurrency space. For now, the market's first hurdle is the $82,000 level, which it has challenged three times since late August.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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