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Analysis-Bitcoin's late summer rally set to face off against the Fed, Congress

Sept 14 (Reuters) - Bitcoin bulls are ⁠back after months of gloom, but a Federal Reserve rate decision this week will test that optimism, even as a key Senate vote on crypto legislation could provide ⁠a surprise tailwind.

The Star MalaysiaHannah Lang, Gertrude Chavez-Dreyfuss, Medha Singh查看原文 ↗
分析——比特币夏末反弹或将遭遇美联储和国会的阻挠

FILE PHOTO: Representation of cryptocurrencies is seen in this illustration created on September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Sept 14 (Reuters) - Bitcoin bulls are ⁠back after months of gloom, but a Federal Reserve rate decision this week will test that optimism, even as a key Senate vote on crypto legislation could provide ⁠a surprise tailwind.

After languishing for months at two-year lows of around $60,000, the world's largest cryptocurrency in late August staged a rebound past $70,000 as surging Treasury yields briefly retreated ‌and broader sentiment improved. The rally marked a sharp turnaround for bitcoin, which had slumped roughly 50% from its October 2025 peak of above $126,000.

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