Bitcoin holds near $77,000 as Fed decision and CLARITY vote loom

  • Bitcoin retreated near $77,800 after trading above $79,000 on Monday.
  • West Texas Intermediate crude rose to about $103 per barrel after falling near $100.
  • The Senate vote to advance the Digital Asset Market Clarity Act requires 60 votes.

Bitcoin pulled back near $77,800 after rising above $79,000 on Monday, as Senate negotiations over the Digital Asset Market Clarity Act continued and oil prices recovered. XRP, ether and solana also declined, while XRP fell to $1.42 from $1.49 but remained positioned for a potential golden crossover. The Senate was scheduled to vote Tuesday on whether to advance the bill, which needs 60 votes and would divide digital-asset oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. West Texas Intermediate crude rose to about $103 per barrel, while markets expected the Federal Reserve to raise rates by 25 basis points Wednesday to a 3.75%-4% target range.

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