Bitcoin falls 2.39% amid broad market weakness, with traders hedging against a potential Fed rate hike and uncertainty surrounding the Senate's upcoming Digital Asset Market Clarity Act vote.
Bitcoin price drops 2.39% amid risk-off sentiment and uncertainty over the Clarity Act vote.
S&P 500 opened lower as Wall Street braces for Fed rate decision.
Nasdaq opened lower amid tech stock jitters and AI-safety calls.
Oil prices spike on Middle East supply fears.
Bitcoin dropped to $76,314 as risk-off sentiment gripped global markets ahead of the Federal Reserve's interest rate decision. Investors are also bracing for a critical Senate cloture vote on the Digital Asset Market Clarity Act, adding significant volatility to the crypto sector.
The vote determines whether comprehensive crypto market-structure legislation proceeds to debate. A failed cloture vote would likely delay regulatory clarity until after the midterms, forcing the industry to continue operating under current SEC and CFTC enforcement.