Bitcoin Tumbles Below $77K Amid US Senate Vote Uncertainty
Bitcoin's price has dropped below $77,000 amid uncertainty surrounding the U.S. Senate vote on the Digital Asset Market Clarity Act.
The bill aims to provide clearer regulations for cryptocurrencies in the U.S., but its failure to advance could delay this process and add to market uncertainty.
The technical indicators are showing weakening short-term momentum, with the 4-hour RSI below neutral and Bitcoin trading below the middle Bollinger Band, signaling seller control.