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Bitcoin holds near USD 75,810 after the CLARITY Act failed its Senate cloture vote.
XRP fell 8% today, the sharpest drop across the top ten coins.
Today's Fed rate decision remains the market's single largest near-term trigger.
Bitcoin is trading near USD 75,810 after a bruising session for risk assets. The Senate rejected the CLARITY Act in a 50-49 cloture vote on Tuesday. That outcome ends the bill's path to law this year. The setback landed alongside a global bond selloff. The US 10-year Treasury yield crossed 5% for the first time since 2023. Crypto-linked equities fell in step with spot prices.
Ethereum, XRP and Solana all traded lower through the session. XRP led the decline, shedding 8% on heavy spot selling. Total market capitalization sits near USD 2.63 trillion. The Fear and Greed Index cooled to 67 from 81 earlier this week. More than USD 600 million in leveraged positions were liquidated over 24 hours. Desks are now watching the Federal Reserve's policy statement later today.
Bitcoin trades at USD 75,810.10, down 2.4% over the past 24 hours. Its market capitalization stands at USD 1.52 trillion. Trading volume over 24 hours reached USD 39.31 billion. Bitcoin declined 3.6% over the past seven days.
Below is today's Daily Quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin slipped below USD 75,000, marking a September low. The CLARITY Act's failure effectively ended its chances this year. He flagged the historic global bond selloff as a second pressure point.
Today's Fed decision carries over 90% odds of a hike. Rising realized cap and 30 straight days of short-term holder profit offer support. Key levels sit at USD 75,000 to 76,000 support and USD 79,500 to 80,400 resistance.
The CoinSwitch Markets Desk noted Bitcoin briefly slipped under USD 75,000 before reclaiming USD 76,000. Rising bond yields and tighter policy expectations pressured the wider market.
The US 10-year Treasury yield crossed 5% for the first time since 2023. Sentiment weakened further once the Senate failed to advance the CLARITY Act. The selloff triggered nearly USD 100 million in long liquidations alone. Traders are now watching USD 75,000 to 76,000 as the defining support band.
Riya Sehgal, Research Analyst at Delta Exchange, said markets remain volatile after a sharp deleveraging move. More than USD 600 million in leveraged positions were wiped out over 24 hours. Bitcoin tested its 200 EMA near USD 75,300 before recovering.
Ethereum briefly slipped below its 200 EMA around USD 2,356. The rebound does not yet confirm a reversal. She flagged USD 77,000 to 77,600 as the recovery zone for Bitcoin.
Vikram Subburaj, CEO of Giottus, said investors have turned cautious into the Fed decision. Markets price a 92.4% probability of a 25 basis point hike. Forward guidance remains the key trigger rather than the rate move itself.
Brent crude near USD 108 is adding pressure on risk assets. Mixed ETF flows and subdued whale accumulation point to softer demand. He placed immediate support at USD 75,000 to 76,000 and resistance at USD 77,000 to 78,000.
Also Read: How Blockchain Forensics Can Trace Bitcoin Transactions
Nischal Shetty, founder of WazirX, said Treasury yields remain near multi-year highs. Brent crude above USD 108 keeps inflation concerns elevated across markets. Bitcoin trades in a neutral-to-consolidative daily structure with RSI near 48.
Immediate support sits around USD 73,500 to 75,000, with resistance near USD 76,200 to 77,300. Ethereum holds near USD 2,395 with RSI close to 50. Losing support could expose USD 71,900 to 73,100 on the downside.
Source: CoinGecko, prices as of today's session.
No coin in the top ten posted a gain today. XRP led the declines, falling 8% on aggressive spot selling. Solana followed with a 4.2% drop, while Ethereum shed 3.8%. Bitcoin and Figure HELOC each fell 2.4% through the session. Zcash proved the most resilient outside stablecoins, easing just 0.8%. Tether and USDC held steady near their dollar pegs, as expected.
The Senate failed to secure the 60 votes needed to advance the CLARITY Act. The procedural vote closed at 50-49, ending the bill's realistic path this year. Regulatory attention now shifts back toward the SEC and CFTC.
Rajagopal Menon, Vice President at WazirX, said regulators could still act administratively. He noted businesses gain a path forward but lose certainty across administrations. For India, he added, the outcome underlines the need for a clear domestic framework.
The Federal Reserve concludes its two-day policy meeting this afternoon. Markets price a 92.4% probability of a 25 basis point hike. A move of that size would mark the first increase since early 2023.
Chair Kevin Warsh's forward guidance matters more than the rate itself. Traders have trimmed position sizes ahead of the statement and press conference. Desks expect the projected rate path to drive the sharper reaction.
The US 10-year Treasury yield crossed 5% for the first time since 2023. The move formed part of a broader global bond selloff this week. Higher yields pull capital away from non-yielding assets like Bitcoin.
Brent crude near USD 108 is compounding the inflation pressure. Elevated energy prices tighten global liquidity conditions across risk markets. Crypto desks are watching whether yields stabilize once the Fed statement clears.
More than USD 600 million in leveraged crypto positions were liquidated over 24 hours. Long liquidations alone accounted for close to USD 100 million of that total. The flush followed the failed Senate vote and the yield spike.
Bitcoin fell more than 5% during the sharpest leg of the move. Crypto-linked equities declined in parallel with spot prices. Open interest eased, reducing the risk of another cascade.
US spot Bitcoin ETFs recorded USD 159.9 million in net inflows. BlackRock's IBIT led the haul with USD 134.3 million on its own. Ethereum funds attracted roughly USD 121 million over the same window.
BlackRock's ETHA contributed USD 80.5 million of the Ethereum total. Prices stayed subdued despite the steady institutional buying. The muted response suggests macro uncertainty is offsetting ETF demand for now.
Asian markets closed mixed as the Nikkei, Hang Seng, Shanghai and Sensex declined. KOSPI and Singapore posted modest gains through the session. US sentiment also softened across the Dow, S&P 500 and Nasdaq.
The VIX ticked slightly higher as investors hedged into the Fed decision. Gold slipped marginally while oil eased 0.67% and held above USD 105. The mixed backdrop suggests investors remain selective rather than fully risk-off.
Also Read: KULR Sells All Bitcoin Holdings in USD 58.6 Million Treasury Exit
Today's Fed decision stands as the defining catalyst for crypto this week. A 25 basis point hike appears almost fully priced across futures desks. Chair Warsh's guidance on the forward rate path will drive the sharper move. Bitcoin faces immediate resistance near USD 77,000 to 78,000. Support holds at USD 75,000 to 76,000, with USD 73,500 as the next floor.
The CLARITY Act's failure removes a near-term regulatory tailwind for digital assets. Administrative action from the SEC and CFTC remains the likely fallback path. Elevated Treasury yields and firm crude prices will keep liquidity conditions tight. Analysts recommend staggered entries and disciplined stop-losses over leveraged exposure. Position sizing remains the more prudent approach until the policy picture clears.
What is the Bitcoin price today?
Bitcoin trades near USD 75,810.10, down 2.4% over the past 24 hours on CoinGecko data. Support sits at USD 75,000 to 76,000, while resistance holds near USD 77,000 to 78,000 across major desks.
Why did the CLARITY Act fail in the Senate?
The bill fell short of the 60 votes required for cloture, closing at 50-49. The failure delays comprehensive US crypto market-structure legislation and keeps regulatory oversight concentrated with the SEC and CFTC.
What is the biggest crypto news today?
Today's headlines include the Federal Reserve rate decision, the failed CLARITY Act vote, and Treasury yields crossing 5%. More than USD 600 million in leveraged positions were also liquidated across the market.
Which coins fell the most today?
XRP led declines with an 8% drop, followed by Solana at 4.2% and Ethereum at 3.8%. Zcash proved most resilient outside stablecoins, easing just 0.8% through the session.
What should investors watch this week?
Track the Fed's forward guidance, Treasury yield direction, and any administrative regulatory action following the CLARITY Act setback. Each factor carries the potential to move crypto prices sharply in either direction.
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