🚨 BITCOIN UNDER PRESSURE: $BTC FALLS AFTER CLARITY ACT SETBACK
The crypto market received another blow this week. 🇺🇸
📉 $BTC dropped below $76,000, trading near $75,900 as investors reacted to the Senate’s rejection of the CLARITY Act’s advancement.
🏛️ 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.
📊 And another pressure point for cryptocurrencies arrived:
The Federal Reserve raised its interest rate by 25 basis points today, to a range of 3.75%-4.00%, marking its first hike since 2023. The Fed also left open the possibility of further increases, depending on the evolution of inflation and the economy.
🔥 The market is now monitoring two key factors:
🔹 The regulatory evolution of cryptocurrencies in the U.S.
🔹 The Fed’s upcoming decisions on interest rates.
👀 $BTC remains under pressure, and next moves could generate further volatility.
