Crypto Market Faces Fed Rate Hike Risk Amid Clarity Act Vote

The cryptocurrency market is bracing for a potential Federal Reserve rate hike next week, which could tighten liquidity and put pressure on crypto assets.

The Fed's decision on September 16 has markets pricing an 86.7% probability of a rate increase, according to CME data.

Crypto analyst Daan Crypto Trades notes that the total market cap remains stuck in a higher-timeframe resistance zone, mirroring Bitcoin's price range of $60,000-$80,000.

A breakout above this level would confirm a larger trend and a new weekly high, but until then, it should be treated as resistance.