Bitcoin reached $81,000 this week, marking a 4.8% increase despite the Federal Reserve raising interest rates by 25 basis points to a range of 3.75–4%. Spot Bitcoin ETFs saw a net inflow of $6.21 million, with Friday's session alone contributing $433 million.
The US Senate rejected the CLARITY Act in a 49-50 procedural vote, stalling legislative progress. Meanwhile, the House Financial Services Committee approved a bill to establish a federal strategic Bitcoin reserve, which would mandate holding state-owned Bitcoin for 20 years.
Market capitalization for digital assets rose to $2.75 trillion, with Bitcoin dominance at 58.9%. The Crypto Fear and Greed Index climbed to 71 points. Ethereum-based investment products saw outflows of $140 million, though total asset value rose to $16.7 billion.
Developers from Ethereum and Base have ceased collaboration on a unified account abstraction standard. The teams will independently pursue the EIP-8130 and EIP-8141 proposals due to differing priorities regarding censorship resistance, scalability, and regulatory compliance.
