CLARITY Act Vote Looms Large Over Bitcoin Price Action

Bitcoin (BTC) is trading near $77,465 after falling 2.06% in the latest session.

The price action has been consolidating around the $78,000 level, a key pivot point for short-term direction.

The US Senate's procedural vote on the CLARITY Act, which aims to establish clearer rules for digital assets and define regulatory responsibilities between the SEC and CFTC, is the next major catalyst.

A successful vote could improve crypto sentiment by reducing regulatory uncertainty, while a setback may trigger short-term selling pressure.