Bitcoin Loses Key Support Levels, HYPE Sets New ATH, Markets Brace for New Fed Chair: Weekly Recap

Perhaps the most anticipated financial and economic event is just hours away, as the US Federal Reserve will have a new Chairman after more than eight years under Jerome Powell.

But, before we explore the seventeenth chair of the financial institution, let’s rewind the clock for a week and review what happened in the last seven days through the eyes of bitcoin (and a few alts). The primary cryptocurrency jumped past $82,000 at the end of the previous business week after the CLARITY Act made progress in the US Senate, but it was quickly rejected and had lost the $80,000 support by Friday evening.