Bitcoin Holds Near $75,000 as Senate's 49-50 Clarity Act Defeat Fails to Spark Sell-Off
Updated
Updated · CoinDesk · Sep 18
Bitcoin Holds Near $75,000 as Senate's 49-50 Clarity Act Defeat Fails to Spark Sell-Off
3 articles · Updated · CoinDesk · Sep 18
Summary
Bitcoin stayed near $75,000 after the Fed raised rates and the Senate blocked the Clarity Act, defying expectations of a broader crypto sell-off.
$571 million in bullish crypto futures positions were liquidated in the 24 hours after the vote, but analysts said derivatives traders had largely already priced in the bill’s failure.
$80,000 is the key breakout threshold, with analysts flagging $77,950 and $79,300 as nearer resistance levels; a drop below $75,000 would threaten the recent recovery.
The 49-50 cloture failure extends statutory uncertainty, yet investors expect the SEC and CFTC to keep shaping crypto rules through existing powers, including the SEC’s new conditional exemption for tokenized stock trading.
Oct. 2 jobs data, Oct. 14 CPI and sustained ETF inflows are now seen as the next catalysts, with several analysts expecting range-bound trading until a clearer macro or flow-driven trigger emerges.