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Bitcoin Slides Ahead of Senate Clarity Act Vote and Fed Rate Decision

Bitcoin gave back its entire post-golden-cross advance as markets awaited an afternoon Senate vote on the Clarity Act and faced the prospect of a Federal Reserve rate hike.

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Bitcoin Slides Ahead of Senate Clarity Act Vote and Fed Rate Decision
Bitcoin fell sharply on September 15, surrendering the entire gain it had recorded following a recent golden-cross signal, according to Decrypt. The decline came as markets awaited a Senate vote on the Clarity Act scheduled for this afternoon. The legislation represents a key near-term event for the cryptocurrency market, with the vote set to test the Senate’s position on the measure. Bitcoin is also facing pressure from the Federal Reserve’s next policy decision, with the central bank confronting a potential rate hike. The combination of regulatory uncertainty and a possible shift in borrowing costs has placed the leading cryptocurrency under renewed scrutiny. Other digital assets, including AKE, CRO, ONE, ENA, JST, RED and STAR, may also remain in focus as traders assess the Senate proceedings and the Fed’s decision.
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