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Bitcoin and XRP Await the Fed After CLARITY Act's Failure: Another Blow Coming?
Published Source: BeInCryptoRead original
Crypto Insight Summary: Crypto markets are bracing for the Federal Reserve’s (Fed) rate decision on September 16, just a day after the CLARITY Act failed to advance in the Senate. XRP dropped nearly 10% toward $1.30, Bitcoin slipped below $76,000, and more than $300 million in leveraged positions got liquidated within minutes. Why the CLARITY Act Vote Failed Crypto Insight Analysis: Direction: Bearish BTC / Bearish XRP Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate decision and legislative uncertainty weigh on sentiment