CoinShares: Hawkish Fed and CLARITY Setback Create Double Pressure, BTC's Year-End Push Toward $80K Hits Resistance

Odaily reports: CoinShares noted in its latest research report that the Fed's hawkish policy shift and the stalling of the CLARITY Act are the two major short-term pressures currently facing the crypto market. According to the report, the Fed believes inflation remains too high, and its latest interest rate projections no longer show any room for rate cuts before 2027, which has provided support for the dollar and short-term U.S. Treasury yields. Combined with the Iran conflict driving up energy prices, the possibility of another rate hike within the year has increased. CoinShares believes that if the inflation outlook does not improve significantly, or if there is no major shift in monetary policy expectations, BTC may struggle to effectively break above $80,000 before the end of the year.

On the regulatory front, the main disagreement over the CLARITY Act remains centered on ethics provisions, and a revised version could potentially be reintroduced as early as the beginning of next year. Since Bitcoin's regulatory status is relatively clear, the bill's setback has limited impact on it, while Ethereum and other altcoins face greater regulatory uncertainty.