Cryptocurrency News & Market Updates

Last week, the crypto market faced dual headwinds: the CLARITY Act stalled in the Senate, and the Federal Reserve raised interest rates for the first time in three years, pushing Bitcoin temporarily down toward near $75,000. However, market anxiety over the legislative stagnation subsequently eased after the SEC granted a five-year innovation exemption for the on-chain trading of tokenized stocks, and the CFTC submitted its crypto market regulatory framework to the White House for review. As a result, Bitcoin reclaimed the $80,000 level. According to HTX platform data, from September 14 to 20, the L1 and DeFi sectors stood out, with ZAMA leading the market with a 72% weekly gain.