Bitcoin Slips Below $76,000 as CLARITY Act Odds Slide Before Senate Vote

The move reads less as a broad risk-off event than as a market repricing a specific legislative catalyst: prediction-market odds halving in under a day, ahead of a procedural vote, points to positioning around the CLARITY Act rather than around crypto fundamentals. The breadth of the decline — nearly all large non-stablecoin tokens — suggests the legislative signal is being traded as a market-wide variable, not a single-asset story. With the Fed meeting running concurrently, disentangling the two drivers is the open question; whether the odds stabilize after the cloture vote should reveal how much of the selloff was legislative.