Bitcoin at $77,000: analysts warn of crash risk ahead of CLARITY Act vote
- —Bitcoin fell back below $77,000, erasing all of its recent gains
- —More than $200 million in crypto positions were liquidated over 12 hours
- —McGlone sees a possible drop in BTC to $10,000 if the S&P 500 corrects 20%
- —A failed CLARITY Act could delay U.S. crypto legislation until 2030
Why it matters: The vote outcome and the Fed meeting will set the market's direction: a failed bill would deepen regulatory uncertainty and selling pressure.
Source: Cryptoast