A group of Democratic senators says the failed Senate vote on the CLARITY Act will not end efforts to establish a federal framework for cryptocurrency markets. The lawmakers pledged to continue bipartisan negotiations aimed at passing the legislation. Democratic Senators Renew CLARITY Act Push The push for comprehensive U.S. cryptocurrency legislation remains active despite this […]
Bitcoin.com News•Kevin Helms17 Sept
ETHUSDT is trading around 2,418 USDT and remains within a descending channel. The current rebound lacks the strength to alter the market structure, as the price stays below the EMA89 (near 2,449) and overhead resistance continues to exert selling pressure. The 2,450–2,490 zone serves as a critical resistance area. If ETH rallies to this level but faces rejection—specifically below the EMA cluster and the channel's upper boundary—I lean towards a scenario where the price retreats to 2,380 before extending toward the primary target near 2,320 USDT. Macroeconomic factors and capital flows currently support a bearish outlook. The Federal Reserve recently raised interest rates by 25 bps and signaled the possibility of further hikes this year, driving the USD to a seven-week high and causing short-term yields to surge. Ethereum faces additional pressure following the failure of the CLARITY Act in the Senate; FXStreet reported a roughly 3.4% drop in ETH, alongside the largest single-day outflow from US spot Ethereum funds since January. The bearish scenario would be invalidated if ETH breaks out of the channel and establishes firm support above the 2,490–2,500 range.
Industry analysts say it is highly unlikely for the bill to pass this Congress, and instead pointed to the SEC and CFTC's rulemaking efforts.
The Block•Danny Park17 Sept
Two of the most bearish catalysts crypto could've been handed in one week landed within days of each other. The Clarity Act failed to pass. The Fed hiked 25bps instead of cutting. Either headline alone should have sent ETH through its range lows. It didn't happen. ETH ran a clean ABC correction straight into the news. Wave C dropped into the exact same zone that's held for days. Instead of breaking down on two confirmed bearish catalysts, price compressed at the lows, volume drying up candle by candle, then printed a Change of Character straight back through the range, reclaiming 2,421 without ever tagging a lower low. That's not indifference to bad news. That's exhaustion. Whoever was going to sell on Clarity failing or a hike landing already sold on the move down into C. By the time the headlines hit, there was nobody left on that side to press it lower. Under CAP, a CHoCH at range lows immediately following confirmed bearish catalysts, with no lower low made, is one of the highest conviction reversal signatures the framework tracks. The reaction to the news mattered more than the news itself. The fear was never in the headline. It was in the room that had already emptied out before the headline arrived.
Ethereum (ETH) and the wider crypto market felt the impact of the Clarity Act failing to clear the Senate. Analysts had touted the bill as a major tailwind for the second-largest cryptocurrency. Expectations that its advance would trigger a rally have now been reset. The setback has left its mark on ETH. How Much of
BeInCrypto•Kamina Bashir17 Sept
A single failed Senate vote this week wiped nearly 4% of the entire crypto market's value , and over 500 million dollars in forced liquidations across the market in the hours that followed. Bitcoin fell. Ethereum fell. Chainlink, Aave, Bitcoin Cash, Aptos, Ethena- every major name fell, most of them with no company-specific news of their own at all. This wasn't a hack, scandal, or technical failure - this was a legislative procedure vote that didn't pass. This article goes over exactly what happened, why leverage turns a political disappointment into a violent marketwide selloff , and why some coins fell far harder than others during the event. What actually happened The Senate failed to advance the CLARITY Act , a bill meant to set clearer regulatory rules for the crypto industry here in the US. Crypto markets had priced in progress toward this legislation, since regulatory clarity has been one of the biggest overhangs preventing broader institutional adoption for years. When the vote failed to advance the bill forward, that progress did not materialize, and the market reacted quickly. At the same time, rising odds of a Federal Reserve rate hike were already weighing on risk assets across the board. These two things - a disappointing regulatory outcome and rising expectations of tighter monetary policy - came together to form a single, sharp, risk-off move for the entire crypto market simultaneously. Why a bill not passing crashes coins that have nothing to do with the bill It's easy to confuse new traders as to why this happened. Chainlink, Aave, and Bitcoin Cash have entirely different use cases, teams, and fundamentals. None of them are directly regulated or affected by this specific legislation any more than any other token, but they all fell together, and several fell by more than Bitcoin did. This happens because crypto assets become highly correlated during a risk-off event . During such a move, traders and funds don't sell their disappointing bet and keep holding everything else in their portfolios steady. They reduce risk broadly across their entire portfolio , because the source of the fear - a regulatory uncertainty or a macro tightening expectation - applies to the asset class itself, and not to any coin's specific fundamentals. https://www.tradingview.com/x/bbQAXcS8/ Why leverage turns a dip into a $500 million cascade This is where the real damage multiplies. A large amount of crypto trading happens through leverage - that is, traders borrowing money to control a position bigger than their capital in order to magnify their gains. This works well while their prices march higher, but as soon as their prices start to fall by even a modest amount, the exchanges forcibly close, or liquidate, these leveraged positions to prevent the trader's losses from going beyond what they actually put up. As prices began to fall from the failed vote, leveraged long positions across many coins hit their liquidation thresholds. Exchanges automatically sold those positions into a falling market, which further pushed prices down, and then triggered the next layer of liquidations at a slightly lower price, and so on. This is how a single piece of news, one that might have caused a modest orderly pullback on its own, ended up resulting in over 500 million dollars of forced selling within a matter of hours , none of it a voluntary action by the traders involved. Why some coins fell so much harder than others Looking at the actual figures during the event, Aave fell over 6% , Aptos fell nearly 8% , Bittensor fell nearly 8% , and Bitcoin - the largest, most stable crypto asset - fell by a noticeably smaller percentage. This is because of something called beta , a measure of how much an asset tends to move compared to the broader market during a given event. Smaller, more speculative altcoins tend to carry higher beta than Bitcoin - that is, they tend to magnify any move the broader crypto market makes, in both directions. During a risk-off event like this, this higher beta works against the holders of these tokens, turning a moderate market-wide decline into a much sharper drop for these specific tokens. One analysis of Ethena's drop during this particular event specifically noted that the higher beta that Ethena typically has amplified what was a broad, macro-driven move, not something specific to the project. https://www.tradingview.com/x/D09OBE0t/ The bigger pattern worth understanding This is a signature you'll see repeatedly in crypto. A macro/regulatory headline hits . Broad, correlated selling begins across the entire asset class. Leveraged positions get forcibly closed , accelerating the initial move far beyond what the news itself would justify. Higher beta, more speculative tokens fall hardest , and larger, more established assets fall by comparison less, even though everything falls together. Recognizing this signature is important because it tells you that a sharp, broad selloff like this one isn't necessarily a judgment on any given individual project's fundamentals. It's often a mechanically-driven reaction to a single piece of news that happens to have occurred at a time when a large amount of leverage was sitting in the market. How to actually think about this as a trader Check if a crypto selloff is broad-based across unrelated tokens or concentrated in one coin, because a broad, correlated move implies a macro/regulatory trigger amplified by leverage, and not project-specific bad news. Pay attention to overall market leverage levels - sometimes visible around open interest and funding rates - because elevated leverage leading up to a known event can increase the odds that a disappointing outcome gets amplified into a much larger cascade than the news alone would justify. Remember that higher-beta altcoins will almost always move more than Bitcoin during both broad rallies and selloffs, so if you're holding small altcoins through a known event risk, you are essentially accepting amplified moves in both directions. Watch for the immediate aftermath of a liquidation cascade rather than only the initial drop, because these events can cause sharp, temporary overshoots to the downside as forced selling clears out, followed by a partial recovery once the leveraged positions causing the extra selling pressure have already been liquidated. My Conclusion A failed vote in Washington wiped out half a billion dollars in crypto positions within hours , and most of the coins' falls in the selloff had absolutely nothing to do with the bill itself. This is the nature of a leveraged, highly correlated market - a single piece of disappointing news doesn't just move the asset it's actually about, but it can cause a mechanical cascade across an entire asset class , hitting hardest wherever the most leverage and highest beta happen to be. Thank you @VertexQore
Ripple says the CLARITY Act’s failure does not alter XRP’s established legal position or disrupt its business. The company is emphasizing continued demand across payments, stablecoins, and institutional markets while broader U.S. crypto legislation remains unresolved. XRP’s Position Remains Unchanged After Senate Vote The CLARITY Act failed its Sept. 15 Senate test, but the result […]
Bitcoin.com News•Kevin Helms16 Sept
👋 Hey everyone, hi and thanks to my fellow rocks for joining in as always! Today we are diving into some intense price action for XRP following a chaotic 24 hours in Washington and macroeconomics, so let's break down exactly what is happening to the charts and what it means for our portfolios. As always, thanks for tuning in with me. 🚨 The U.S. cryptocurrency market faced dual headwinds as the Senate rejected the CLARITY Act in a 49-50 vote, failing to reach the 60-vote threshold required to pass. Simultaneously, the Federal Reserve announced a 25-basis-point interest rate hike, bringing the benchmark rate to a target range of 3.75% to 4%. These developments triggered a broad digital asset selloff, with XRP sliding roughly 10% to trade near the $1.28 level. 📉 Looking straight at the technicals, XRP took a sharp 10% tumble down to around $1.28, completely erasing its recent upward momentum. The immediate focus for bulls right now is holding the line at the critical 50-day moving average, which sits right around $1.21. If we get a daily close below that level, things could get messy with a potential slide down toward the downside support zones near $1.10 or even $0.88, while key overhead resistance remains heavy near the $1.39 to $1.45 range. 📉 Our next technical is that descending channel which we've already been watching in previous ideas. Was helping us out but once we lost our grip it became a resistance rather than a support and following that last re-entry into the channel we managed to break out the channel though that was thanks to sentiment and hype before the clarity act decision. Can see just what kind of impact the clarity act had on the 15th following the news as we quickly exited the channel and saw a steep drop in much of the crypto market and XRP. 🏛 Beyond the charts, the real drivers behind today's flush are coming from major fundamental and macroeconomic shifts. First, the crypto-specific blow landed when the Senate held a procedural vote on the CLARITY Act, which fell short of the 60-vote threshold in a tight 49-50 split, effectively shelving comprehensive federal crypto market regulations for the near future. On top of that, Fed Chairman Kevin Warsh and the FOMC delivered a hawkish surprise by unanimously voting to raise interest rates by 25 basis points to a 3.75%–4% range, marking the first rate hike since 2023 and adding immense macro pressure to all risk assets. We already understand the market favors low interest rates so this definitely is something to keep in mind. 💡 But before anyone panics, we have to look at the silver lining that sets XRP apart from the rest of the crypto market. While the failure of the CLARITY Act hurts industry-wide regulation, XRP already stands on settled legal ground because of its landmark 2023 court victory and the subsequent March 2026 joint interpretation by the SEC and CFTC classifying it as a digital commodity. With five spot XRP ETFs actively trading in the U.S. and institutional plumbing adopting the token, today’s crash is a short-term reaction to legislative delays and a hawkish Fed, rather than a threat to XRP's underlying legal status. ✨ That wraps up today's analysis, and I want to give a massive thanks to everyone for tuning in and staying on top of these wild markets with me. If you found this breakdown helpful, please make sure to leave a like and follow for more daily updates so you never miss a beat—stay safe out there, and I'll catch you in the next one! Best regards, ~ Rock '
I jumped the gun... Images Below... Sell-side pressure from both monetary policy (a hawkish 25 bps Federal Reserve rate hike) and regulatory friction (Senate gridlock on the CLARITY Act alongside ongoing SEC enforcement overhang) has accelerated market volatility. High-timeframe market structure points to a structural higher-low retest, where both primary trading scenarios converge on the same execution floor. --- ### 📊 Dual-Scenario Cycle Framework **Scenario A: Macro 2023 Fractal Roadmap (4-Stage Sweep Sequence)** * 📉 **Stage 1 — The Bull Trap & Dynamic WMA Flush ` `:** Price drops lower to flush overleveraged longs, currently hovering directly over dynamic **SHM 63 WMA support ($75,000–$76,000)**. This localized drop acts as a bull trap, convincing weak hands that market structure has broken down before the next rotational move. * 🐻 **Stage 2 — The Bear Trap & Range-High Sweep:** A sudden upward pivot tricks overconfident bears who opened short positions at the WMA. Bulls regain full market control, triggering a rapid short squeeze that sweeps liquidity above the previous **$82,800–$84,000 range highs**. * 🎯 **Stage 3 — Post-Sweep Golden Zone Reset:** Having captured liquidity at the highs, price pulls back once more to perform a deep structural test of the **0.50–0.74 Golden Zone ($71,000–$72,000)**, holding dynamic **CIMA MA support** to establish a rock-solid macro higher-low. * 🚀 **Stage 4 — Parabolic Macro Breakout:** Defense of the dynamic CIMA floor resolves all range consolidation, launching price into blue-sky price discovery toward **$100,000+**. **Scenario B: Direct 4-Stage Liquidation Flush** * ⚡ **Stage 1 — Immediate Golden Zone Flush ` `:** Bypasses the Stage 2 overhead sweep entirely, executing an uninterrupted liquidation drop from current levels directly into the **$71,000–$72,000 Golden Zone** (0.50–0.74 retracement + CIMA support). * 🏛️ **Stage 2 — Institutional Base:** Absorption of sell-side pressure driven by SEC Chairman Paul Atkins' proposed **Regulation Crypto Assets** framework, establishing a tight accumulation floor. * 📈 **Stage 3 — Bear Liquidation & SHM Reclaim:** Reclaim of the SHM 63 WMA traps overextended shorts and converts dynamic resistance back into support. * 🎯 **Stage 4 — Parabolic Price Discovery:** Expansion beyond the $82,800–$84,000 ceiling directly toward **$100,000+**. --- ### 🏛️ Macro Drivers: Dual Sell-Side Pressure vs. Executive Offset * 🦅 **Federal Reserve Monetary Tightening:** Today's 25 bps rate hike and upward dot-plot revision to 4.1% apply systematic discount-rate pressure across all high-beta risk assets, compressing liquidity. * 📜 **SEC & Legislative Friction:** Congress failing to pass the CLARITY Act alongside persistent SEC regulatory enforcement actions reinforces short-term sell-side headwinds. * ⚖️ **Executive Agency Offset:** SEC Chairman Paul Atkins' proposed **Regulation Crypto Assets** framework—offering fit-for-purpose token exemptions and an investment contract safe harbor—provides agency-level regulatory clarity. Institutional capital is positioned to leverage this executive framework to absorb sell-side volume inside our demand floor. --- ### 🛠️ Execution Strategy & Buy Confirmation Rules Price may temporarily drop through the **SHM 63 WMA** during a high-volatility flush. **Do not front-run the dip.** Long entry exposure requires price to push back up through the 63 WMA using one of three systematic triggers: 1. 🟢 **Reclaim + SHM BUY Signal:** Price reclaims the SHM 63 WMA and triggers an official indicator BUY signal. 2. 🕯️ **Full Candle Close Above 63 WMA:** A 4H or Daily candle closes firmly above the SHM 63 WMA. 3. 🔄 **Break & Retest Hold:** A clean breakout above the SHM 63 WMA followed by a successful retest that holds as new dynamic support. --- ### 🗺️ Strategic Liquidity Roadmap * 🛡️ **$75,000 – $76,000 (Dynamic WMA Defense):** **Scenario A: Stage 1 ` **`. Initial Bull Trap zone. Monitor for order flow absorption and price hovering over the SHM 63 WMA to confirm local seller exhaustion. * 🎯 **$82,800 – $84,000 (Bear Liquidation Sweep):** **Scenario A: Stage 2 Target**. Primary short-trap ceiling; key target for taking partial profits on Stage 2 impulse legs before any secondary Stage 3 reset. * 📥 **$71,000 – $72,000 (0.50–0.74 Macro Floor):** **Scenario B: Stage 1 ` ` / Scenario A: Stage 3 Target**. High-conviction re-accumulation anchor where dynamic CIMA support and deep Fib retracement levels align for institutional absorption. * 🚀 **$100,000+ (Blue-Sky Price Discovery):** **Scenario A & B: Stage 4 Target**. Parabolic macro expansion target upon defense of the dynamic CIMA floor and clean breakout above range-high resistance. --- ### 🚨 Macro Invalidation & Full Bull Failure If price fails to hold **$71,000** on a daily closing basis, loses dynamic CIMA moving average support, and triggers an official indicator **SELL signal**, the entire bull thesis is fully invalidated. This combination signals a transition from a corrective re-accumulation dip into a high-timeframe bear market distribution. https://www.tradingview.com/x/6PPHJaUP/ https://www.tradingview.com/x/ZdSKzcfw/ ⚠️ **Disclaimer:** *This update is for educational and technical analysis purposes only and does not constitute financial, investment, or trading advice. Any and all financial assets are subject to market volatility and carry substantial financial risk. Always perform your own research, manage risk appropriately, and consult a certified financial advisor before making any investment decisions.*
The bill would exempt qualifying crypto fees from gain-or-loss calculations and restrict tax-loss deductions on tokens sold and quickly repurchased.
Bitcoin can continue gaining institutional ground even with the CLARITY Act stalled in Congress, according to Strategy Executive Chairman Michael Saylor. He expects regulators to advance rules under existing law and banks to expand bitcoin custody and loans. Saylor Says Bitcoin Progress Does Not Depend on Congress Bitcoin’s integration into the U.S. financial system can […]
Bitcoin.com News•Kevin Helms16 Sept
Bitcoin dropped below $76,000 on Sept. 15 after the Senate rejected a motion related to the CLARITY Act, but the timeline of the decline shows that the cryptocurrency was already under pressure before the vote took place. Bitcoin hit an intraday low of $74,967.97 during the session. It had already fallen below $76,000 before the Senate tally, meaning the political disappointment in Washington did not start the sell-off. Instead, it arrived while the market was already moving lower. The broader altcoin market also weakened during the same period. The altcoin market capitalization tumbled 3.6%, though it managed to remain above $1.15 trillion. That decline shows that the pressure was not isolated to Bitcoin. It spread across the wider digital asset market, affecting risk sentiment more broadly. Even so, the fact that the altcoin market cap held above $1.15 trillion suggests that the sell-off, while notable, did not immediately turn into a deeper capitulation event. Traders were also preparing for a Federal Reserve decision, which added another source of pressure across risk assets. When investors are waiting on a major central bank announcement, they often reduce exposure to speculative assets, and crypto is frequently among the first areas to feel that de-risking. That pre-Fed caution likely contributed to the softer tone in Bitcoin and altcoins before the Senate vote even became the focus. In other words, the market was already dealing with macro uncertainty, and the political news landed on top of an existing pullback. The chronology matters because it changes how the Senate vote should be interpreted. It supports describing the rejection of the CLARITY Act motion as one factor in the afternoon weakness, but not as the origin of the full-day decline. The vote may have worsened sentiment or accelerated selling during a specific window, but it was not the sole cause of Bitcoin’s move below $76,000. The market was already vulnerable, already cautious, and already leaning defensive ahead of the Fed. Bitcoin Absorbs Initial Pre-Fed Sell-Off, Leaving $70,000 as a Critical Test Bitcoin has so far absorbed the initial pre-Fed sell-off, but that resilience does not mean the risk has passed. The next major test is whether a hawkish Fed can push BTC through the $70,000 support zone and materially damage the August recovery. That level has become a key technical and psychological marker. If Bitcoin holds above it, the market may treat the recent decline as a normal pullback within a broader recovery. If it breaks below it, the damage could be more significant, potentially undermining the gains that were built during August. The $70,000 zone is important because it represents a line between a healthy correction and a deeper trend reversal. A hawkish Fed decision could strengthen the dollar, push yields higher, and reduce appetite for risk assets, all of which would pressure Bitcoin. In that scenario, sellers might test the $70,000 support with greater force. If that support fails, the market could begin to question whether the August recovery was sustainable or whether it was simply a temporary bounce within a larger downtrend. On the other hand, if Bitcoin continues to absorb pre-Fed selling and holds above $70,000, it would suggest that buyers are still willing to step in at lower levels. That would not eliminate the risk of further volatility, but it would signal that the market still has a foundation to build on. The August recovery would remain intact, and the recent drop below $76,000 would look more like a shakeout than the start of a sustained decline. For now, the situation is best described as a market under pressure but not yet broken. Bitcoin’s decline began before the Senate rejected the CLARITY Act motion, and the Fed decision remains a larger macro driver. The vote added to the afternoon weakness, but it did not create the full-day sell-off. The critical question ahead is whether Bitcoin can defend $70,000 if the Fed takes a hawkish stance. If it can, the recovery may survive. If it cannot, the market could face a much more serious test of its recent gains.
Google Gemini AI predicts that in a full-blown crypto bull market, the XRP price could rise as high as $8 in 2026, with a firm bullish target of $4.50 by January 1, 2027.However, following yesterday’s failed CLARITY Act vote, which fell short of the 60 votes needed to advance the bill, the same AI prediction […]
The rejection of the Clarity Act bill exacerbates regulatory uncertainty, impacting digital asset markets and stalling legislative progress.
CryptoBriefing•Editorial Team16 Sept
Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends.
Cointelegraph•Cointelegraph by Nate Kostar16 Sept
Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main…
Solana falls below $100 after the CLARITY Act setback, but certain factors suggest this correction could be short-lived.
Ripple CEO Brad Garlinghouse says there is still reason for optimism about U.S. crypto after the CLARITY Act failed to advance, pointing to continued SEC and CFTC rulemaking while stressing that the company’s business momentum remains intact. Garlinghouse Looks Beyond Failed Senate Vote Ripple CEO Brad Garlinghouse is looking beyond Congress after the CLARITY Act […]
Bitcoin.com News•Kevin Helms16 Sept
The crypto market has seen over $630 million liquidated in the past 24 hours after the Clarity Act vote sentiment shift.
AMBCrypto•Akashnath S16 Sept
Michael Selig said the CFTC is "locked in and ready to ship its rules for the new frontier of finance." Paul Atkins said the SEC will "act decisively within the SEC's statutory authority." Both posted the statements to X on Wednesday, within two hours of each other, the day after the Senate blocked
The Defiant•The Defiant Team16 Sept