🔴 US Senate Rejects CLARITY Act as Bitcoin Drops Below $76,000
The US Senate failed to advance the Digital Asset Market Clarity Act on September 15, stalling a major effort to create a federal framework for the crypto industry. The cloture vote ended 49-50, falling short of the 60 votes required to proceed to debate.
Following the news, Bitcoin (BTC) dropped to an intraday low of $74,967.97. The broader altcoin market cap also tumbled 3.6%, though it remained above $1.15 trillion.
Market volatility triggered massive liquidations, with CoinGlass reporting over $300 million in positions wiped out within 20 minutes of the vote. Total 24-hour liquidations reached $665 million.
#Bitcoin #CryptoRegulation #USSenate #MarketUpdate
The US Senate failed to advance the Digital Asset Market Clarity Act on September 15, stalling a major effort to create a federal framework for the crypto industry. The cloture vote ended 49-50, falling short of the 60 votes required to proceed to debate.
Following the news, Bitcoin (BTC) dropped to an intraday low of $74,967.97. The broader altcoin market cap also tumbled 3.6%, though it remained above $1.15 trillion.
Market volatility triggered massive liquidations, with CoinGlass reporting over $300 million in positions wiped out within 20 minutes of the vote. Total 24-hour liquidations reached $665 million.
#Bitcoin #CryptoRegulation #USSenate #MarketUpdate
Bitcoin Hits $81,000 Milestone Amid US Election Short Squeeze
Bitcoin surged past $80,000 and touched $81,000 on Wednesday, recovering from an election-night low of $75,600. The move comes as markets react to a Democratic sweep of the US Congress, triggering a massive short squeeze across the crypto market.
Liquidations totaled $950 million in 24 hours, with $560 million coming from short positions. Bitcoin alone saw $403 million in liquidations, including a single-hour spike of $215 million in shorts being wiped out as prices climbed.
Analysts describe the rally as a relief move following the removal of election uncertainty. While spot Bitcoin ETFs saw $115.6 million in outflows on Tuesday, the price surge was supported by a broader stock market rally and a 9% drop in oil prices.
#Bitcoin #CryptoNews #MarketUpdate #BTC
Bitcoin surged past $80,000 and touched $81,000 on Wednesday, recovering from an election-night low of $75,600. The move comes as markets react to a Democratic sweep of the US Congress, triggering a massive short squeeze across the crypto market.
Liquidations totaled $950 million in 24 hours, with $560 million coming from short positions. Bitcoin alone saw $403 million in liquidations, including a single-hour spike of $215 million in shorts being wiped out as prices climbed.
Analysts describe the rally as a relief move following the removal of election uncertainty. While spot Bitcoin ETFs saw $115.6 million in outflows on Tuesday, the price surge was supported by a broader stock market rally and a 9% drop in oil prices.
#Bitcoin #CryptoNews #MarketUpdate #BTC