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Market cap is a valuation snapshot, not a pool of money. If a token trades at $2 and 100 million tokens are counted as circulating, its market cap is $200 million. If the last price changes to $2.10 with the same counted supply, the displayed cap becomes $210 million.
Dogecoin’s roughly 3–4 percentage point drop over the last day was mainly driven by a broad crypto risk‑off move after the US CLARITY Act setback, amplified by weak DOGE technicals and bearish short‑term sentiment.
The Federal Reserve raised rates by 25 basis points to 3.75%–4.00%, its first hike since July 2023.
For the first time in three years, the United States Federal Reserve raised the benchmark interest rates by 25 bps.
U.S. spot Bitcoin funds saw their sharpest reversal in weeks on Sep. 15 as Washington delivered another dose of regulatory uncertainty.
Cryptocurrency prices tumbled on Tuesday when the Clarity Act failed to advance out of the Senate. Crypto-related equities weren’t spared in the carnage. As one example, cryptocurrency brokerage giant Coinbase Global (COIN) slumped 10.1% after the Clarity Act procedural vote stalled.
Michael Saylor, executive chairman of Strategy, the world’s largest corporate holder of Bitcoin, said a deadlock over the Clarity Act does not mean the crypto industry must wait for Congress to act.
Currencies39214 Market Cap$ 2.65T-1.98% 24h Spot Volume$ 39.56B-9.05% DominanceBTC57.09%+0.25%ETH10.91%-0.39% ETH Gas0.36 Gwei News Sep 16, 2026 2min read byAnjali Belgaumkar forCoinpedia
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The vote exposed an unexpected coalition in Washington, where campaign spending and intensive lobbying failed to secure a path forward.