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Crypto

Bitcoin Price Plunges Amid Regulatory Uncertainty

Guavy AI Editorial Team
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BTC
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The Bitcoin price fell by 1.6% to $76,022 after the US Senate blocked the Digital Asset Market Clarity Act on September 15.

The bill aimed to provide regulatory clarity for Bitcoin as a commodity, but its failure has increased legal uncertainty for both institutional and retail investors.

Bitcoin's price remains below its near-term and medium-term moving averages, but above its long-term average.

Technical indicators suggest that the asset may continue to trade within a range of $73,115 to $78,223, with a higher probability of further downside in the short term.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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