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Investors were quick to pull money out of spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) after the Clarity Act failed to advance in the U.S. Senate.
Currencies39213 Market Cap$ 2.66T-1.49% 24h Spot Volume$ 42.81B-1.59% DominanceBTC57.02%+0.41%ETH10.97%-0.85% ETH Gas0.16 Gwei Sep 16, 2026 1min read byDanielle Walgenbach forCoinpaper
Bitcoin and altcoins experienced sharp declines following the failure of the Clarity Act to pass in the US. While the question now is whether the decline will continue, analysts have begun to suggest a bottom has been reached.
Bitcoin price analysis is rough right now, as it trades around $75,700, down roughly -2.2% on the day, while a bruised market digests a Senate vote that went nowhere. There’s a quieter number worth watching too, one buried further down in the presale data most traders haven’t looked at yet.
Bitcoin was trading at a near four-week low Wednesday as investors await the Federal Reserve’s interest-rate decision later in the day, and after the digital currency fell Tuesday following the U.S. Senate’s rejection of a crypto-friendly bill.
XRP is under pressure after the U.S. Senate failed to advance the Digital Asset Market Clarity Act, a landmark cryptocurrency bill designed to establish a clearer regulatory framework for digital assets.
The CLARITY Act vote was meant to put the U.S. crypto industry on a path toward permanent federal rules. However, but the Senate voted 49-50 against advancing the legislation, falling far short of the 60 votes needed to clear the hurdle.
As XRP’s market capitalization fell by approximately $7.1 billion over the past 24 hours, following a major setback on the CLARITY Act, a proposed federal regulation in the United States aimed at regulating the crypto industry, William Arthur Morgan, an Australian commercial litigation lawyer at Morgan Mac Lawyers, said it stood to gain more from…
XRP, in fact, is one of the worst performers today after the failure of the CLARITY Act’s cloture. ByJordan Lyanchev
Crypto markets are bracing for the Federal Reserve’s (Fed) rate decision on September 16, just a day after the CLARITY Act failed to advance in the Senate.