Four developments are shaping the Bitcoin market this week: the Federal Reserve’s interest-rate decision, a planned procedural vote in the U.S. Senate on the CLARITY bill, declining trading leverage, and weakening technical and spot-market demand. Chair Waller is expected to raise rates despite pressure from President Trump. Traders are reducing leverage (borrowed trading exposure) and unwinding positions, while BTC has fallen below weekly chart support, a price level that had helped underpin the market.