Bitcoin Falls Below $76,000 Ahead of Fed Rate Decision

The Clarity Act's failure removes a near-term legislative catalyst just as macro pressure reasserts itself, leaving crypto trading squarely on Fed expectations. A market-implied 92% chance of a hike is the dominant variable here, and the fact that bitcoin is falling into the decision rather than holding suggests positioning is defensive. The open question is whether the post-FOMC reaction is a relief bounce or confirmation of a broader de-risking; the legislative vacuum means there is little domestic news to offset a hawkish outcome.