Bitcoin Surges Past $81,000 Amid CFTC Regulatory Proposal and ETF Inflows

Bitcoin has surged past $81,000 as the digital asset market rebounds strongly. After falling below $75,000 midweek due to Federal Reserve interest rate hikes and the stalled processing of the Senate's CLARITY Act, Bitcoin rebounded on news that the U.S. Commodity Futures Trading Commission (CFTC) had submitted a digital asset market regulatory proposal for White House review, alongside increased inflows into spot exchange-traded funds (ETFs). The price rise accelerated as large short positions were forcibly liquidated during the upward movement.