Bitcoin Faces Downward Pressure Amid Regulatory Setbacks and Rate Hike Uncertainty

Bitcoin is trading near $75,500 following a 2% decline, as the market reacts to the US Senate's failure to advance the Clarity Act (US digital-asset market-structure bill). The setback, combined with anticipation surrounding the Federal Reserve's September 16 decision, has led to over $525 million in liquidations of bullish leveraged positions. Analysts note that risk assets remain under pressure until global interest rate paths become clearer. Technically, Bitcoin is consolidating, with support clusters identified at $75,000–$75,400 and resistance levels between $78,000 and $80,000.