Bitcoin Price Slips Below $77,000 Amid Regulatory Uncertainty

Bitcoin's price slipped below $77,000 on Tuesday as uncertainty surrounding regulatory measures and looming monetary tightening weighed heavily on cryptocurrency markets.

The digital asset fell by 2.77% over a 24-hour period to $76,279.53, marking an extension of weakness ahead of a crucial Senate vote and the Federal Reserve's decision on Wednesday.

A broader market correction saw the total value of cryptocurrencies decline by 2.16% to $2.61 trillion as traders reduced risk exposure.