Bitcoin Surges Past $81,000 After SEC Clears Onchain Trading of Tokenized U.S. Stocks

  • The SEC approved onchain trading of tokenized U.S. stocks.
  • Bitcoin surged past $81,000 as a short squeeze amplified weekend gains.
  • NEAR Protocol gained 23% amid increased Zcash swap traffic.

Bitcoin surged past $81,000 after the SEC approved onchain trading of tokenized U.S. stocks, with a short squeeze amplifying weekend gains. BTSE COO Jeff Mei linked the move directly to the clearance and said volatility could persist ahead of the Federal Reserve's late-October meeting, as Fed speeches and inflation data influence positioning. NEAR Protocol rose 23% amid increased Zcash swap traffic. The advance followed a week in which Bitcoin reclaimed $81,000 after the Federal Reserve raised rates by 25 basis points to 3.75%-4.00%, while the Senate failed to advance the Digital Asset Market CLARITY Act. Asian equities rose nearly 1% and Brent crude fell 2% to $101 a barrel, supporting broader risk appetite.

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Bitcoin Surges Past $81,000 After SEC Clears Onchain Trading of Tokenized U.S. Stocks - CoinPost Terminal