Bitcoin falls below USD $76.000 as bets rise on a Fed hike Bitcoin and the cryptocurrency market retreated sharply as traders raised above 92% the probability of a Federal Reserve rate increase. The procedural vote on the CLARITY Act in the Senate added another source of uncertainty for digital assets and companies linked to the sector.
The global cryptocurrency market capitalization fell more than 2%, to around USD $2.6 trillion.
Bitcoin dropped more than 3% and traded below USD $76,000 as expectations grew for a 25-basis-point increase.
The U.S. Senate’s advance vote on the CLARITY Act added regulatory pressure to the market.
$BTC
The global cryptocurrency market capitalization fell more than 2%, to around USD $2.6 trillion.
Bitcoin dropped more than 3% and traded below USD $76,000 as expectations grew for a 25-basis-point increase.
The U.S. Senate’s advance vote on the CLARITY Act added regulatory pressure to the market.
$BTC
