Bitcoin trades near $75,000 as CLARITY Act setback weighs, Fed decision in focus

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The Economic Times daily newspaper is available online now. Read Today's Paper Bitcoin trades near $75,000 as CLARITY Act setback weighs, Fed decision in focusBy Surbhi Khanna, ET OnlineLast Updated: Sep 16, 2026, 04:11:00 PM ISTSynopsis

Bitcoin fell below $75,000 to a September low after the US Senate rejected the CLARITY Act cloture vote 50-49. Ethereum and major altcoins also declined, while rising Treasury yields, regulatory uncertainty and weaker sentiment added pressure to cryptocurrency markets.

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Loading...×Bitcoin trades near $75,000, hitting a September low after the CLARITY Act failed to clear the Senate cloture vote 50-49, effectively ending its chances of becoming law this year. The cryptocurrency was trading at $75,743 mark.

In the past 24 hours, Bitcoin was down 1.55% and Ethereum was down 3.03% to trade at $2,398 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, Cardano corrected upto 8.05%.

Prateek Gupta, Head of Business, Mudrex said Bitcoin has slipped below $75,000, marking a September low after the CLARITY Act failed its Senate cloture vote 50-49, effectively ending its chances of becoming law this year. The setback landed on top of a historic global bond selloff, with the US 10-year Treasury yield hitting its highest since 2007.

Crypto TrackerTOP COINS (₹) Tether95 (-0.17%)BNB69,415 (-1.76%)Bitcoin7,755,244 (-2.16%)XRP127 (-2.46%)Ethereum229,995 (-3.36%)Also Read |MFs raise healthcare bets for 4th straight month to 71-month high. Should investors follow?

Sentiment has also cooled, with Fear & Greed falling from 81 to 67. However, rising realized cap and 30 straight days of short-term holders in profit offer some support, Gupta further said.

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The global crypto market capitalisation edged down 2.13% to $2.57 trillion, according to CoinMarketCap. Bitcoin experienced a significant selling pressure and marked the local lows below $75,000, while trading around $76,000 at the press time, said CoinDCX Research Team.

Crypto stocks tumbled after the CLARITY Act stalled in the Senate, with Circle and Coinbase down about 10% and Bitcoin miners and Treasury firms also sliding, CoinDCX Research Team further said.

Over the last week, Bitcoin was down 4.69% and Ethereum was down 4.42%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected upto 12.59%.

BTC briefly slipped below $75K before recovering above $76K, as rising bond yields, tighter monetary policy expectations and regulatory uncertainty pressured crypto markets, said CoinSwitch Markets Desk.

Sentiment weakened further after the U.S. Senate failed to advance the CLARITY Act, delaying hopes for a comprehensive crypto regulatory framework. The sell-off triggered nearly $100 million in long liquidations, while the Fear & Greed Index fell from 81 to 67, CoinSwitch Markets Desk further said.

Also Read |Quant Mid Cap Fund exits ICICI Bank, 2 others and adds 5 stocks in August

Market perspective

Nischal Shetty, founder, WazirX: Bitcoin trades near $75,547 in a neutral-to-consolidative daily structure, with RSI near 48, indicating balanced momentum. Immediate support sits around $73,500-$75,000, while resistance lies near $76,200-$77,300.

Avinash Shekhar, Co-Founder & CEO, Pi42: Crypto markets are witnessing a broad risk-off move, with Bitcoin slipping towards the $76,000 level after falling nearly 3%, while the pressure has been sharper across major altcoins. The immediate trigger has been the failure of the US Senate to advance the Clarity Act, which has renewed concerns around the pace of regulatory clarity for digital assets. At the same time, investors are approaching the upcoming Federal Reserve policy decision cautiously, adding another layer of uncertainty for risk assets.

Riya Sehgal, Research Analyst, Delta Exchange : Crypto markets remain volatile after a sharp deleveraging move, with Bitcoin around $75,900 and Ethereum near $2,400. More than $600 million in leveraged positions were liquidated over 24 hours.

Vikram Subburaj, CEO, Giottus: Investors should avoid excessive leverage around the Fed decision. BTC holding $75,000-$76,000 would keep the market above an important support zone, while a sustained break below it could expose the low-$72,000s.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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