Bitcoin doesn’t need a fresh narrative to reclaim $100K: Analyst

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Bitcoin is up 14.49% over the past 30 days. Source: CoinMarketCap Many crypto market participants still believe that Bitcoin needs a strong narrative to drive its price higher. In recent times, attention has centered on US Federal Reserve interest rate decisions, regulatory developments in the US, and spot Bitcoin exchange-traded fund (ETF) inflows as potential catalysts. Some also point to the potential passage of the US CLARITY Act, which aims to provide clearer rules for the industry, as a possible driver of Bitcoin’s upside. Others are not so sure. Veteran trader Peter Brandt told Cointelegraph in December that the CLARITY Act would be a positive step for the industry, but is unlikely to act as a major catalyst for upward movement in Bitcoin’s price. Related: Repeated Bitcoin profit taking near $77K suggests rally is losing steam “Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt said. Coinbase chief legal officer Faryar Shirzad said on Friday that “It’s time” for the CLARITY Act to be finalized after new stablecoin yield provisions were published on Friday. Meanwhile, White House crypto advisor Patrick Witt said at the Bitcoin Conference in Las Vegas this week that a “big announcement” on US President Donald Trump’s Bitcoin reserve is coming within weeks. Magazine: AI-driven hacks could kill DeFi — unless projects act now

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