Bitcoin absorbs pre-Fed sell-off as $70,000 becomes key market test

Bitcoin fell below $75,000 intraday on Sept. 15, extending a selloff that was already developing before a Senate vote on the CLARITY Act, according to CryptoSlate. The decline intensified after the Senate voted 49-50 against invoking cloture on a motion to proceed with the bill. The measure needed 60 votes to advance. Bitcoin’s move leaves the $70,000 level as a critical test ahead of the Federal Reserve decision associated with Warsh. The market reaction came as investors assessed both the regulatory setback and the approaching Fed event. CryptoSlate also reported a decline of about [no further figure provided] in Coinbase shares, but the available source material does not specify the exact percentage. Bitcoin remains the primary asset in focus as traders monitor whether the selloff extends toward the $70,000 threshold.