๐จ BITCOIN UNDER PRESSURE: $BTC CAES AFTER CLARITY ACT SETBACK
The crypto market took another hit this week. ๐บ๐ธ
๐ $BTC fell below $76,000, trading around $75,900, as investors reacted to the rejection of the CLARITY Actโs advance in the U.S. Senate.
๐๏ธ What happened?
The Senate voted 49-50 against moving forward with the bill, which aimed to establish a clearer federal regulatory framework for digital assets. The outcome increases regulatory uncertainty for the sector in the short term.
๐ And another pressure came for cryptocurrencies:
Today, the Federal Reserve raised its interest rate by 25 basis points, to a range of 3.75%-4.00%, its first hike since 2023. The Fed also left open the possibility of further increases, depending on how inflation and the economy evolve.
๐ฅ The market is now watching two key factors:
๐น The regulatory developments for cryptocurrencies in the U.S.
๐น The Fedโs upcoming rate decisions.
๐ $BTC remains under pressure, and the next moves could bring more volatility.
#Bitcoin #BTC #Crypto #Criptomonedas #Fed
The crypto market took another hit this week. ๐บ๐ธ
๐ $BTC fell below $76,000, trading around $75,900, as investors reacted to the rejection of the CLARITY Actโs advance in the U.S. Senate.
๐๏ธ What happened?
The Senate voted 49-50 against moving forward with the bill, which aimed to establish a clearer federal regulatory framework for digital assets. The outcome increases regulatory uncertainty for the sector in the short term.
๐ And another pressure came for cryptocurrencies:
Today, the Federal Reserve raised its interest rate by 25 basis points, to a range of 3.75%-4.00%, its first hike since 2023. The Fed also left open the possibility of further increases, depending on how inflation and the economy evolve.
๐ฅ The market is now watching two key factors:
๐น The regulatory developments for cryptocurrencies in the U.S.
๐น The Fedโs upcoming rate decisions.
๐ $BTC remains under pressure, and the next moves could bring more volatility.
#Bitcoin #BTC #Crypto #Criptomonedas #Fed
