Bitcoin Steadies Near $75,900 After 4% Drop in US Session
- —BTC fell 4% in the US session, stabilizing near $75,900
- —The Senate did not advance a crypto bill governing token status
- —Traders priced in an 85% probability of a Fed rate hike on September 16
- —Long-term US Treasury yields are approaching 5%
Why it matters: The Fed's rate decision and the fate of the crypto bill will determine bitcoin's near-term trajectory and that of the broader market.
Source: Cryptonews.com