Bitcoin traded at $77,012.38, down 1.1% over 24 hours, as traders reduced risk ahead of the CLARITY Act cloture vote (vote to end debate) scheduled for 2:15 PM ET. More than $100 million in leveraged positions (trades using borrowed funds) were liquidated over 12 hours. Analyst Michaël van de Poppe said Bitcoin could retest recent lows amid volatility tied to the Senate vote and this week’s FOMC meeting, while identifying below $75,700 as an attractive buying level. Democrats’ rejection of the Republican CLARITY Act draft over ethics language added uncertainty. Bitcoin ETFs nevertheless bought $160 million on Monday, lifting total assets above $100 billion. Vikram Subburaj, CEO of Giottus.com, said the Federal Reserve’s forward guidance could matter more than the Senate vote, with a 25-basis-point rate hike carrying a 93% probability in FedWatch data. Bitcoin faces support at $75,500-$76,000 and resistance at $80,000-$80,500, while a sustained move above $82,800 would reinforce the bullish structure.