Bitcoin Stagnates Below $78,000 Ahead of CLARITY Act Senate Vote

Bitcoin is trading in a narrow range between $77,500 and $77,600 as the market awaits significant regulatory and monetary developments. The U.S. Senate is scheduled to vote on the CLARITY Act on Tuesday, which aims to establish a federal framework for cryptocurrencies and includes revised ethics clauses regarding crypto holdings for federal officials. Additionally, the market is preparing for the Federal Reserve's interest rate decision on Wednesday.