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Crypto

Bitcoin Slips Amid Fed Meeting Looms and Crypto Regulation Uncertainty

Guavy AI Editorial Team
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BTC
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The Bitcoin price has dropped to around $76,623 as investors await the Federal Reserve's September 15-16 meeting. There is a 68% chance of a rate hike, which could strengthen the US dollar and pressure Bitcoin and other risk assets. The Senate will also vote on the CLARITY Act on September 15, aiming to clarify crypto regulations, potentially boosting institutional confidence if passed.

Bitcoin's technical outlook shows weakness with key support at $75,000. August saw strong ETF inflows, but early September experienced outflows, indicating mixed investor sentiment ahead of these events.

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