Bitcoin Stuck Near $83K as Fed Policy Outweighs CLARITY Act Failure
- —Bitcoin holds $83,000–$83,600 as Polymarket puts Democratic sweep odds at 61%
- —Senate rejected the CLARITY Act on September 15; bitcoin rose afterward
- —Fed raised rates to 3.75%–4% on September 16, with 16 of 18 officials expecting more hikes
- —Regulatory fragmentation persists as SEC and CFTC pursue separate rulemaking tracks
Why it matters: If rate expectations stay hawkish, bitcoin faces continued pressure regardless of the November 3 midterm outcome.
Source: Cryptonews.com