Crypto Markets Brace for Fed Decision After CLARITY Act Setback
Bitcoin and XRP fell after a Senate vote failed to advance the CLARITY Act, with markets now awaiting the Fed's rate decision.
Bitcoin and XRP fell after a Senate vote failed to advance the CLARITY Act, with markets now awaiting the Fed's rate decision.
Bitcoin miners hold scarce permitted power capacity as data center restrictions spread across 30 US states, creating a bottleneck for AI developers.
US spot bitcoin and ether ETFs lost $592 million after the CLARITY Act failed in the Senate.
Standard Chartered initiated Arbitrum coverage with a $10 target for 2030, projecting ARB could rise 66-fold from current levels.
Asia-Pacific markets: Oil steady near highs, Japan data misses, crypto falls on US Senate vote.
Solana's mainnet upgrade triples transaction size to aid developers, but SOL price stays flat amid broader market slump.
White House adviser Christopher Phelan says a Fed rate hike today would be a mistake, citing cooling inflation over the past three months.
Ripple and MicroStrategy said the CLARITY Act's Senate defeat did not alter XRP or Bitcoin's legal standing, citing court rulings and regulatory guidance.
Bitcoin fell 4% to $75,939 and crypto stocks slid after the Senate blocked the Clarity Act in a procedural vote.
Strive CEO Matt Cole forecasts roughly 50% annual Bitcoin returns into 2030, citing macro trends in the dollar and Treasury rates.
Bitcoin briefly dipped below $76,500 after the Clarity bill failed but quickly recovered, suggesting the market had priced in the outcome.
Senate procedural vote blocks the Clarity Act, likely ending the bill for 2026; bitcoin drops 4%.
The US Senate failed to advance crypto market structure legislation, sending bitcoin lower as traders reacted to regulatory uncertainty.
David Bailey says artificial intelligence could simplify Bitcoin onboarding, while TD Cowen analyst calls idea speculative but worth attention.
Long-term Bitcoin holders ended a sell-off of 260,000 BTC. Support at $76,500 is crucial.