Bitcoin limits September decline to 1.5% amid Fed rate hike and CLARITY Act failure
- —The Fed raised rates by 25 bps to 3.75–4.00% on September 16
- —The US Senate rejected a procedural vote on the CLARITY Act on September 15 — 49 against 50
- —The Bank of Japan raised its rate to 1.25%, effective September 24
- —The September 17 close was $76,371, with quarterly growth of about 32%
Why it matters: Bitcoin's muted reaction to macro and regulatory shocks may indicate seller exhaustion, but further rate tightening remains a risk.
Source: TokenPost