Bitcoin Price Drops Following Senate Vote on CLARITY Act

Bitcoin's price fell below $75,000, declining over 2.3% in 24 hours, as the Senate failed to advance the Digital Asset Markets CLARITY Act. The market experienced significant volatility, with liquidations exceeding $760 million in the past day. Other major assets, including Ethereum and Solana, also saw price declines. The legislative delay continues as the market prepares for the upcoming U.S. Federal Reserve interest rate decision.