Bitcoin Falls Ahead of Clarity Act Vote
Bitcoin dropped to $76,314 as selling pressure increased ahead of two major U.S. market events. According to Decrypt, BTC fell 2.39% on the day and moved decisively below $79,113, weakening the recent bullish structure. Bitcoin is now testing the $75,569 area, the 50% Fibonacci retracement of its move from the June low to the September high. A daily close below that level could expose the next supports near $73,986 and $71,731. Market uncertainty is also being driven by the Senate’s Clarity Act cloture vote, which requires 60 votes to move the bill forward. The Federal Reserve’s rate decision follows the next day, creating another potential source of volatility for risk assets. For exchange users, these events could lead to rapid BTC price changes. Check the latest Bitcoin rate and exchange conditions on xbit.money before converting your assets.