Crypto market sentiment has moved close to neutral after the Senate failed to advance the Clarity Act on Sept. 15 and the Federal Reserve raised its benchmark rate on Sept. 16, according to on-chain analytics platform Santiment. Extreme FOMO (fear of missing out) had spread on Sept. 14 as traders increased positions expecting the legislation to advance in a market-friendly direction. Santiment said that overheated optimism was itself a warning sign, regardless of the bill’s eventual outcome. Investors who bought during the FOMO were hit by declines after the Senate setback. With excessive optimism fading and fear beginning to return, Santiment said conditions are healthier for taking on additional risk than earlier in the week but require close monitoring.