Bitcoin climbed above $85,000 on Sep. 21, extending a sharp recovery that has lifted the broader crypto market and pushed several crypto-linked stocks higher.
The leading cryptocurrency today reached its highest level since late January, after gaining more than 7% over the previous five days. The move comes despite two major headwinds last week.
The Senate failed to advance the CLARITY Act on Sept. 15, leaving broader crypto market-structure legislation stalled, while the Federal Reserve raised interest rates by 25 basis points a day later to 3.75%-4%.
Sentiment, however, improved after regulators moved ahead anyway.
Related: JPMorgan says one asset class could soon beat gold
On…
