$BTC
CLARITY Act fails in Senate — BTC crashes below $75K
The CLARITY Act failed its Senate cloture vote 49-50, falling short of the 60 votes needed to advance. That's a "sell-the-news" trigger — Bitcoin dropped over 4.7% in reaction, breaking below $75,000 for the first time since late August.
The fallout was fast: $771 million in liquidations across 120,000+ traders in 24 hours, with long positions taking the brunt (~$568.5M).
With the bill failing to clear this key hurdle, experts now see it as likely shelved for 2026, with no clear path before the midterms. On top of this, the Fed's rate decision lands today too — adding a second layer of uncertainty.
Levels to watch: $75,000 has flipped from support to resistance. Below that, analysts flag $74,500 as the next area of interest.
$BTC #Bitcoin #ClarityActPassed #brakingnews
CLARITY Act fails in Senate — BTC crashes below $75K
The CLARITY Act failed its Senate cloture vote 49-50, falling short of the 60 votes needed to advance. That's a "sell-the-news" trigger — Bitcoin dropped over 4.7% in reaction, breaking below $75,000 for the first time since late August.
The fallout was fast: $771 million in liquidations across 120,000+ traders in 24 hours, with long positions taking the brunt (~$568.5M).
With the bill failing to clear this key hurdle, experts now see it as likely shelved for 2026, with no clear path before the midterms. On top of this, the Fed's rate decision lands today too — adding a second layer of uncertainty.
Levels to watch: $75,000 has flipped from support to resistance. Below that, analysts flag $74,500 as the next area of interest.
$BTC #Bitcoin #ClarityActPassed #brakingnews
