Bitcoin Climbs Past $64,700 as Cooling Inflation and SEC Rulemaking Signals Lift US Crypto Sentiment
Bitcoin extended its weekly gains on Thursday, rising 1.28% to $64,725 as traders responded to cooler US inflation figures, with Ethereum, Solana, and XRP all posting gains in tandem. Analysts framed the softer inflation print as reducing the odds of aggressive monetary tightening, a dynamic that tends to favor risk assets such as digital currencies. The move follows the Federal Reserve's decision to hold interest rates steady, a call that markets appeared to welcome, since higher borrowing costs typically make riskier bets like crypto less attractive to investors.
The rally comes as US regulators signal they are preparing to bring more structure to the digital asset market. SEC Chairman Paul Atkins told CNBC that the agency is prepared to introduce crypto rules on its own if the proposed Clarity Act fails to advance through Congress, underscoring that Washington's push toward a clearer digital asset framework is continuing regardless of legislative gridlock. The remarks build on the SEC's broader "Regulation Crypto" initiative, which has been moving through the agency's rulemaking agenda throughout the year and is aimed at giving crypto issuers, exchanges, and custodians clearer legal footing under federal securities law.
Taken together, the two developments paint a picture of a market finding support from both macroeconomic and regulatory tailwinds. Easing price pressures give the Fed more room to avoid rate hikes that would otherwise squeeze speculative assets, while the SEC's willingness to act independently of Congress reduces the risk that crypto policy stalls indefinitely in Washington. For US investors, the combination suggests that near-term volatility may increasingly hinge less on whether regulation arrives and more on how quickly it takes shape — through legislation, agency rulemaking, or both.
Analysts caution that reference levels remain fluid: a sustained move above the $65,000–$65,500 range would strengthen the bullish case, while a drop below $62,500 would point to renewed downside risk. As the Fed weighs its next moves and the SEC advances its rulemaking calendar, both fronts are likely to remain the key swing factors for crypto prices heading into the fall.
