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Bitcoin Price Falls 4% on Crypto Bill Setback: Fed Rate Hike Looms
Bitcoin slid after lawmakers failed to advance a crypto bill, while traders priced in an 85% chance of a Federal Reserve rate hike, Reuters reported.
- On September 16, 2026, Bitcoin fell 4% in US trading, stabilizing near $75,900 as investors reacted to the Senate's blocking of the CLARITY Act and an impending Federal Reserve rate decision.
- The Senate blocked the CLARITY Act, legislation intended to clarify whether crypto tokens are securities or commodities, leaving regulatory ambiguity unresolved before the Fed's announcement.
- Traders assigned a 92% probability to a 25 basis point rate increase, citing August inflation that rose 3.4% year over year with core inflation at 2.4%.
- Broader markets weakened during the US session as XRP fell 7.98% to approximately $1.29 and Ethereum declined 3.18% to about $2,404.
- Analysts warn a close below $74,000 would confirm hawkish sentiment, while the Fed's median dot plot may signal additional rate hikes for the remainder of 2026.
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Bitcoin Faces ‘Double Whammy’ After Bill Rejection, Rate Hike
The Clarity Act was supposed to deliver the next catalyst for a battered crypto market whose adherents were pinning their hopes on a rescue out of Washington. The breakthrough never materialized and the industry is now dealing with a pile-up of headwinds.
·New Delhi, India
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BITRSSBitcoin Price Holds $75,500 as Traders Price In Fed Rate Hike
Bitcoin’s price oscillated between $75,000 and $76,000 following a market slide triggered by the failed passage of the CLARITY Act in Congress. Investors are awaiting an upcoming Federal Reserve rate decision, where prediction markets expect a 25-basis-point hike. Bitcoin Volatility Follows Failed CLARITY Act Vote Bitcoin spent the last 24 hours hovering between $75,000 and […]
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Total News Sources11
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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