Bitcoin Price Drops Below $76K Ahead of Fed Rate Decision

Bitcoin price dropped below $76,000, erasing Monday gains to hit a nearly four-week low of $75,560 after breaking the $77,000 support level. This market reversal occurred as Senate negotiations regarding the CLARITY Act remained deadlocked. Additionally, Bitcoin and various crypto stocks slipped in value ahead of a crucial Federal Open Market Committee (FOMC) meeting. The decline reflects broader market tension surrounding the upcoming Fed rate decision and legislative uncertainty regarding the CLARITY Act.