Bitcoin Plummets Amid Senate Vote Hopes and Fed Rate Hike Fears

Bitcoin's price dropped by as much as 3% on September 15th before recovering slightly, amidst concerns over an upcoming Senate vote on the Digital Asset Market CLARITY Act and a potential Federal Reserve interest rate hike. The bill aims to shape US crypto regulations, but its passage requires 60 votes in the Senate.

With key support levels near $75,569 and $73,986, Bitcoin's price is under technical pressure. Additionally, expectations of a Fed rate hike are contributing to cautious sentiment in the market. As of September 15th at 22:27 WIB, Bitcoin traded at Rp1.353.715.821 on Pluang, down 2.45% in one day.

The market's order activity is balanced, with 52% selling and 48% buying. Meanwhile, Bitcoin's circulating supply stands at 20.1 million out of a total 21 million coins, with a typical hold time of 109 days on Pluang.