Bitcoin Drops Below $77K Ahead Of Potential Fed Rate Hike – CLARITY Act Vote Set To Add Crypto Volatility, Says Analyst

macro

Bitcoin fell roughly 3% below $77,000, with reports placing it near or below $75,000, as market sentiment weakened ahead of a potential Federal Reserve rate hike. Declining expectations that the CLARITY Act will pass this year added regulatory uncertainty and selling pressure. Analysts expect the upcoming CLARITY Act vote to increase near-term crypto volatility, leaving Bitcoin vulnerable to further macro- and policy-driven moves.

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