Bitcoin Slides Sharply as Clarity Act Vote Nears and Fed Eyes Hike

TL;DR:

• Bitcoin fell 2.39% to around $76,314 after dropping as low as $76,076, erasing its post-golden-cross advance and approaching key Fibonacci support.
• The Senate’s Clarity Act cloture vote requires 60 votes, and failure could delay comprehensive crypto market-structure legislation until after the midterm elections.
• The Federal Reserve decision follows roughly 24 hours later, leaving Bitcoin exposed to consecutive policy catalysts while technical momentum weakens and broader markets turn risk-off this week.

Bitcoin fell sharply on Tuesday as traders confronted two major policy risks at once: a Senate showdown over the Clarity Act and a Federal Reserve meeting increasingly expected to deliver higher rates. BTC opened near $78,185, briefly touched $78,242, then dropped to an intraday low around $76,076 before trading close to $76,314. The retreat erased Bitcoin’s entire post-golden-cross advance and pushed price back toward a technically sensitive support zone. The move left BTC down 2.39% on the day as risk appetite weakened across markets ahead of two closely watched decisions.

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