Bitcoin Dives Below $76K Amid Fed Rate Hike Fears and CLARITY Act Uncertainty

Bitcoin's price plummeted below $76,000 on September 16, marking its lowest point in nearly four weeks. This decline occurred after losing key support at $77,000 and came amidst growing concerns about a potential Federal Reserve rate hike.

The market sentiment shifted from extreme greed to caution, resulting in the liquidation of over $98 million worth of long positions. Industry experts suggest that the Fed's rate increase may impact short-term price movements but not Bitcoin's long-term fundamentals.

Bitcoin's market cap on Pluang stands at Rp27.155,17 trillion with a 24-hour trading volume of Rp575,35 trillion. The price is currently down 2.62% in the last day, reflecting cautious sentiment among investors.