Bitcoin is trading around $76,000, Ethereum near $2,400, and XRP around $1.29 after the Senate failed to advance the CLARITY Act. Bitcoin fell nearly 4% following the vote, while Ethereum dropped more than 6% and XRP suffered an even steeper decline.
Now attention turns to the Federal Reserve's Sept. 16 rate decision, where markets are overwhelmingly expecting a 25-basis-point hike.
Crypto Gets Hit Twice in Two Days
The CLARITY Act procedural vote failed 49–50, falling short of the 60 votes needed to advance the legislation.
The setback was particularly painful because traders had spent weeks positioning around the vote. We previously covered how XRP rallied 57% from its August low as the CLARITY Act vote approached.
Bitcoin Needs $80K Back
Bitcoin's immediate challenge is recovering the psychological $80,000 level.
BTC was already struggling to turn $80,000–$82,000 into support before the Senate vote. Coinpaper's recent Bitcoin price analysis showed why $82K had become a major resistance wall.
A less aggressive Fed message could give BTC room to recover. But signals that additional tightening is coming could keep Treasury yields elevated and make another $80,000 attempt more difficult.
Ethereum Has Its Own Recovery Problem
Ethereum enters the Fed decision around $2,400, well below the roughly $2,500 level it was struggling with only days ago.
That's a sharp reversal from the setup when Ethereum ETF money was returning while ETH remained stuck near $2,500.
For ETH, reclaiming the $2,400–$2,500 region would be an important first sign that buyers are returning.
XRP Faces the Biggest Test
XRP has taken the hardest blow of the three, falling toward $1.28–$1.29 after the Senate vote.
The failed legislation doesn't erase XRP's existing legal position in the U.S. Coinpaper previously explained why XRP already has regulatory clarity that many other tokens don't.
Still, another hawkish surprise from the Fed would add macro pressure immediately after XRP's regulatory-driven selloff.
