Bitcoin demand on Coinbase weakened after the US Senate voted against the CLARITY Act, according to Cointelegraph. The decline pushed the Coinbase Premium to its lowest level of the month, signaling reduced exchange demand in the US market. At the same time, traders transferred BTC to exchanges while holding the coins at an unrealized loss. The developments point to softer US-based buying interest alongside selling or repositioning activity by market participants. Cointelegraph reported the changes on September 16, 2026. The update is relevant for Bitcoin traders monitoring exchange flows and the effect of US crypto legislation on market demand.
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Cointelegraph
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