Bitcoin Stalls Near USD 77,368 as CLARITY Act Vote and Fed Decision Loom
Bitcoin's price remains steady near USD 77,368 as it navigates through a crucial period for cryptocurrency markets. The CLARITY Act vote in the Senate today and the Federal Reserve rate decision tomorrow are key triggers that could impact sentiment across major and altcoins.
The CLARITY Act aims to provide clearer regulation for US crypto markets, but its passage is uncertain with only 24-26% of prediction markets pricing it as likely. Eighteen state attorneys general have urged senators to reject the revised draft due to concerns over stablecoin oversight and consumer protection gaps.
Meanwhile, Bitcoin ETFs have seen significant outflows this week, totaling USD 463 million across four sessions. This marks the end of a three-week streak of steady institutional buying into the funds.