Bitcoin’s Monday Jump Near $80K Fades Quickly Before Key CLARITY Act Decision

TL;DR:

• Bitcoin reversed Monday’s rise toward $80,000 and fell back near $77,000 as Polymarket odds for the CLARITY Act dropped from 34% to 17%.
• Broader crypto markets weakened while U.S. equity futures rose, making Tuesday’s decline increasingly crypto-specific ahead of the Senate procedural vote.
• Futures open interest declined and taker selling increased, but positive funding and call-heavy options positioning showed traders still see upside if the bill advances.

Bitcoin surrendered Monday’s late rally on Tuesday, falling back toward $77,000 after briefly climbing close to $80,000 as optimism around the U.S. CLARITY Act faded. BTC had reached about $79,427 before reversing, leaving the asset roughly 6.6% below its September 4 high of $82,284. The rapid reversal shows how tightly Bitcoin’s short-term momentum has become linked to expectations around the Senate vote. Polymarket odds of the legislation becoming law in 2026 dropped from 34% to 17% overnight after Democrats submitted a counterproposal to the latest Republican draft, increasing uncertainty before the procedural decision.

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