Bitcoin holds near $75,000 after Fed rate hike, Clarity Act rejection

  • Bitcoin held near $75,000 after the Federal Reserve raised interest rates and the Clarity Act was rejected.
  • $75,000 was Bitcoin’s reported price level following both developments.
  • Traders had largely anticipated the Federal Reserve decision and Senate vote.

Bitcoin remained near $75,000 after the Federal Reserve raised interest rates and the U.S. Senate rejected the Clarity Act, legislation intended to regulate stablecoins, or cryptocurrencies designed to maintain a stable value. Traders had largely anticipated both developments, which limited the market response.

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