🟢 Bitcoin ETP (IB1T.L) is trading 5.61% up as Bitcoin recovers above $80,000

IB1T.L is trading at £6.03, up 5.61%, following Bitcoin’s continued recovery above $80,000.

• Investors looked past the CLARITY Act setback, supported by constructive SEC and CFTC regulatory developments and strong spot-market demand.
• The Federal Reserve’s anticipated September 16 rate hike had limited additional impact.
• Broader risk sentiment and the dovish interpretation of the Bank of Japan’s September 18 hike supported crypto assets.