Bitcoin Hovers at $76K as Analysts Argue the Fed Matters More Than Clarity Act
Bitcoin traded near $76,140, down 0.9% on the day and 4% on the week after senators blocked the Digital Asset Market Clarity Act, but traders said the Fed decision matters more for price action. Markets widely expect a 25-basis-point cut/shift implied at 93%, and the key issue is whether Fed guidance sounds dovish or hawkish. Dovish language could support a strong year-end crypto rally, while hawkish remarks could push Bitcoin back toward $63,000. Trading data show investors are de-risking ahead of the Fed: stablecoins are being favored, Bitcoin and Ethereum conviction has fallen, and systematic funds are selling while hedge funds keep buying. Analysts said the broader driver is U.S. dollar liquidity and tighter financial conditions, not the failed bill. Regulatory uncertainty still matters for institutional adoption, but it is unlikely to trigger or prevent a major bull move on its own.
