Bitcoin falls to $75,586, Ethereum to $2,397 after CLARITY Act failure
- —Bitcoin opened at $75,586.51 and rose to $75,885.53 by 7:12 ET
- —Ethereum opened at $2,397.64 and climbed to $2,404.43 by morning
- —The CLARITY Act failed to reach 60 Senate votes amid ethics disputes
- —The Fed may raise rates for the first time in three years
Why it matters: The bill's failure and Fed tightening increase pressure on the crypto market, raising the risk of further liquidations and a decline toward $75,000.
Source: Yahoo Finance Crypto