Bitcoin Crashes to $75K After Clarity Act Rejection
Bitcoin's price plummeted to $75K on Tuesday following the rejection of the Clarity Act in the U.S. Senate.
The Federal Reserve FOMC meeting later that day is expected to announce a 25 bps hike, but market reaction may decide whether Bitcoin falls further.
A parallel channel break to the downside suggests a potential collapse, with $73K and $69K serving as key support levels.