Bitcoin dropped about 4% on Tuesday and the timing is worth watching.
$BTC came under pressure after the U.S. Senate failed to advance the CLARITY Act in a 49–50 procedural vote. The bill needed 60 votes to move forward.
Bitcoin briefly fell below $75,000 before recovering. By Sept. 16, BTC was trading around the $76K area, so the initial sell off has eased somewhat.
The regulatory setback adds uncertainty for crypto markets, while traders are also watching today’s Federal Reserve decision.
For $BTC, the key thing now is whether the $75K area holds as the market digests both developments.
$BTC
#bitcoin #BTC #BitcoinFalls4%
$BTC came under pressure after the U.S. Senate failed to advance the CLARITY Act in a 49–50 procedural vote. The bill needed 60 votes to move forward.
Bitcoin briefly fell below $75,000 before recovering. By Sept. 16, BTC was trading around the $76K area, so the initial sell off has eased somewhat.
The regulatory setback adds uncertainty for crypto markets, while traders are also watching today’s Federal Reserve decision.
For $BTC, the key thing now is whether the $75K area holds as the market digests both developments.
$BTC
#bitcoin #BTC #BitcoinFalls4%
