Bitcoin Price Falls Below $75,000 as Market Pressures Mount Ahead of Fed Decision

Bitcoin's price has fallen to around $75,600 over the past 24 hours as market pressures mount ahead of the Federal Reserve's interest rate decision.

The failed US Senate vote on the CLARITY Act and rising Treasury yields have contributed to the decline, with leveraged liquidations also playing a role.

According to CoinGecko data, BTC was trading at $75,601 down 1.3% over 24 hours and 4.3% over the past seven days.

The Federal Reserve's interest rate decision is expected to be announced later today, with markets overwhelmingly expecting a 25 basis point increase in rates.