Bitcoin Trades Near $75,000 as CLARITY Act Setback Weighs, Fed Decision in Focus
The sell-off wiped out more than $600 million in leveraged positions as regulatory uncertainty and higher bond yields pressured crypto markets, analysts said.
- Bitcoin fell below $75,000 to reach a September low after the CLARITY Act failed a Senate cloture vote 50-49, effectively ending the proposed crypto market structure legislation's chances of becoming law this year.
- Rising bond yields, tighter monetary policy expectations, and regulatory uncertainty pressured crypto markets alongside the legislative setback, delaying hopes for comprehensive digital asset regulation.
- The sell-off triggered more than $600 million in leveraged liquidations over 24 hours, while crypto stocks Circle and Coinbase tumbled about 10% and major altcoins Solana and Cardano corrected significantly.
- Investor sentiment cooled sharply as the Fear & Greed Index fell from 81 to 67, prompting Vikram Subburaj, CEO of Giottus, to advise avoiding excessive leverage ahead of the Federal Reserve policy decision.
- Bitcoin holding $75,000–$76,000 maintains critical support; a sustained break below exposes the low-$72,000s, according to Avinash Shekhar, Co-Founder & CEO of Pi42, as markets face broad risk-off pressure.
18 Articles
18 Articles
Bitcoin price targets $72.5K as Aroon favors sellers
Bitcoin price fell toward $75,500 after the U.S. Senate rejected the CLARITY Act, while bearish momentum and nearby liquidation clusters raised the risk of another decline before the Federal Reserve’s rate decision. According to data from crypto.news, Bitcoin (BTC) price…
The Economic Times
Times of IndiaBitcoin trades near $75,000 as CLARITY Act setback weighs, Fed decision in focus
Bitcoin fell below $75,000 to a September low after the US Senate rejected the CLARITY Act cloture vote 50-49. Ethereum and major altcoins also declined, while rising Treasury yields, regulatory uncertainty and weaker sentiment added pressure to cryptocurrency markets.
Bitcoin went below the $76,000 threshold after the U.S. Senate blocked the advance of CLARITY Act on Tuesday, the bill to create a federal framework for the regulation of the digital assets market. Cryptocurrencies registered decreases after voting, at a time when industry has been waiting for more than a year to adopt clearer rules, notes Mediafax.
Bitcoin absorbs initial pre-Fed sell-off, leaving $70K as a critical test for Warsh’s Fed decision
Bitcoin fell to an intraday low below $75,000 on Sept. 15, extending a selloff already underway ahead of the Senate vote on the CLARITY Act. The Senate failed 49-50 to invoke cloture on a motion to proceed to the bill, short of the 60 votes required, leading Bitcoin to its intraday low. Coinbase fell about […]
Key points of the news: Bitcoin fell from about $77,000 to about $75,000 after the crash of the CLARITY Act's cluster vote, before recovering slightly. XRP lost another 8% and fell below $1.30, while Ethereum, Solana, Chainlink, Cardano and Stellar also recorded strong setbacks. The attention now ... Read more
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
