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Phemex Crypto Market Daily: BTC Reclaims $81K as SEC Tokenization Relief Lifts Alts (Sep 19)
Key Takeaways:
1. Macro Environment Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act, authorizing up to 100% tariffs on Russia’s top energy buyers including China and India days before the Xi-Trump summit. The Fed raised rates 25bp to 3.75%-4%, joining BoJ and ECB tightening as Brent crude stays above $100. Morgan Stanley turned hawkish, forecasting two additional Fed hikes in 2026 amid persistent inflation and oil-driven price pressures. 2. Crypto Market Crypto markets staged a broad rebound as post-Fed-hike nerves faded, with Layer-2 and DeFi tokens leading gains. BTC rose 0.90% to $81,493 and ETH climbed 2.71% to $2,641, lifted by the SEC’s five-year Innovation Exemption for tokenized NMS stocks and $143.8M in spot ETH ETF inflows. RWA and synthetic-dollar sectors outperformed: XTZ surged 35.8% on regulatory classification tags, ENA jumped 22.5% after USDe/sUSDe expanded to TRON with TVL hitting $5.25B, and ONDO gained 9.3% on the new tokenized-equity pathway. 3. Today's Outlook Over $746M in token unlocks begins this week led by LayerZero, Connex and Bedrock, creating immediate sell pressure as ZRO trades at $1.14 (+2.35%). US-China preparatory trade talks start today ahead of the expected Sep 23-24 Trump-Xi summit under the new 100%-tariff authority. Global Flash PMI data on Sep 23 will set the next growth signal, while CFTC crypto rulemaking awaits White House review.
