Bitcoin’s recent advance has lost momentum amid rising expectations for U.S. interest-rate hikes and stalled cryptocurrency legislation. Analysts say a sharp further increase in rate-hike expectations could push Bitcoin back into the $50,000 range. The CLARITY Act, a proposed digital-asset market framework bill, has encountered resistance in Congress, which will vote on September 15 on whether to end related discussions. Prediction-market data show the probability of the bill passing in 2026 has dropped from above 50% in July to below 20%. Cryptocurrency analyst Nishiyama Yoshifumi also said potential initial public offerings by AI companies including OpenAI and Anthropic could divert some venture-capital funding and add pressure to Bitcoin. Other analysts believe the previous downtrend may have ended temporarily, leaving the market focused on whether Bitcoin can stabilize between $60,000 and $85,000 amid autumn macroeconomic and policy headwinds.