Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge

Why Is Bitcoin Dropping Today?

The post Why Is Bitcoin Dropping Today? appeared first on 24/7 Wall St..Bitcoin (CRYPTO:BTC) is trading at $75,961, down 1.2% in the past 24 hours and 4.6% for the week, after breaching the $76,500 floor it held for two weeks. A recent Senate vote on crypto market structure appears to be a major factor in this downturn, especially after a failed cloture vote. In addition, the cost for the U.S. government to borrow for ten years has reached its h…

Bitcoin comes under renewed pressure as looming Fed hike adds to woes

Clarity Act, a crypto regulatory bill in the US, fails to progress in the Senate, disappointing investors who were banking on it to give the market direction

Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge

Bitcoin faces a double headwind of market nerves over the fate of the CLARITY Act and blanket risk-asset pressure from surging global bond yields.

Bitcoin Sinks to $75.6K as Bond Yields Hit Multi‑Decade Highs—Will a High‑Stakes CLARITY Vote Matter?

BTC hit its month‑to‑date low as traders weighed a procedural Senate vote on the CLARITY Act and bond yields around the world pushed to levels last seen decades ago.

Bitcoin Below $76,000 as Markets Price a 92% Chance of a Fed Rate Hike

Bitcoin fell about 4% on Tuesday to below $76,000 and was changing hands near $75,900 early Wednesday, following the Clarity Act failure and heading into a Federal Reserve decision that markets have largely made up their minds about. The Federal Open Market Committee announces at 2 p.m. ET Wednesday, with ...

Why is Bitcoin crashing?

Bitcoin fell as much as 5% to $76,110 after the Senate failed to advance the CLARITY Act. Ether dropped more than 8%, while smaller tokens also sold off hard. Fed rate fears are adding pressure, with markets pricing a 92% chance of a quarter-point hike. U.S. stock futures are slightly higher, while...