Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge

Bitcoin comes under renewed pressure as looming Fed hike adds to woes

Clarity Act, a crypto regulatory bill in the US, fails to progress in the Senate, disappointing investors who were banking on it to give the market direction

Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge

Bitcoin faces a double headwind of market nerves over the fate of the CLARITY Act and blanket risk-asset pressure from surging global bond yields.

Bitcoin Falls to $75,600 as Global Bond Yields Surge

Bitcoin fell to a September low of around $75,560 on Tuesday as rising global bond yields and higher oil prices increased pressure on risk assets. Markets also remained cautious ahead of a key US Senate procedural vote on the CLARITY Act. BTC/USD dropped below $76,000 during the Wall Street session, giving back much of the […]

Bitcoin Falls To $75.6K As Global Bond Yields Hit Multidecade Highs

Bitcoin dropped to $75,560 in September as global bond yields hit multidecade highs and the Senate voted on the CLARITY Act. Here's what drove the selloff.