Bitcoin Prices Drop Amid Clarity Act Vote Uncertainty

Bitcoin's price plummeted to $77,012.38, down 1.1% over 24 hours, after a recent pump was fully wiped out as markets position ahead of today's CLARITY Act cloture vote at 2:15 PM ET.

Over $100 million in leveraged positions have been liquidated over the past 12 hours as traders de-risk ahead of the Senate vote.

Analyst Michaël van de Poppe said Bitcoin is now looking to sweep recent lows amid a volatile stretch shaped by both the CLARITY Act vote and this week's FOMC meeting.