Bitcoin faces volatility amid US Senate legislative setback and Fed rate hike

Bitcoin Spot Bitcoin ETF Federal Reserve CLARITY Act Cryptocurrency regulation

Bitcoin and the broader cryptocurrency market faced significant downward pressure following two major developments: the failure of the CLARITY Act in the US Senate and a interest rate hike by the Federal Reserve. The US Senate was unable to advance the Digital Asset Market CLARITY Act, failing to reach the required 60 votes, which has delayed regulatory certainty for the industry.

Simultaneously, the Federal Reserve raised interest rates by 25 basis points, bringing the target range to 3.75%-4.00%. This hawkish stance, combined with regulatory uncertainty, triggered substantial outflows from US spot Bitcoin ETFs. On September 15, thirteen ETFs recorded a combined net outflow of approximately $450.4 million, the largest single-day withdrawal since June. Major funds including BlackRock’s IBIT and Fidelity’s FBTC saw significant redemptions.

Market volatility also led to massive liquidations in the derivatives market, with approximately $571 million in long positions being wiped out. Bitcoin's price retreated toward the $75,000 support level as investors reacted to the tightening macroeconomic environment and the lack of legislative progress in Washington.

Entities

ARK 21Shares · Arkham Intelligence · Bitcoin · Bitcoin · BlackRock · Federal Reserve · Fidelity · Grayscale · U.S. Senate · US Senate · United States Senate · iShares Bitcoin Trust

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] Grayscale’s Bitcoin Trust (GBTC) saw approximately $254.7 million in outflows during a 20-day window. cryptoslate.com · cryptonomist.ch · www.tokenpost.kr · crypto-times.jp
[● 6 SOURCES] US spot Bitcoin ETFs recorded approximately $450.4 million in net outflows on September 15. blockcast.it · cryptonewsland.com · mycryptoparadise.com · kryptomagazin.cz · coinpaper.com
[○ 1 SOURCE] Approximately $571 million in long positions were liquidated in the crypto market following price volatility. blockcast.it
[● 5 SOURCES] BlackRock’s iShares Bitcoin Trust (IBIT) accumulated approximately $1.08 billion in net inflows over a 20-day period. cryptoslate.com · cryptonomist.ch · www.tokenpost.kr · crypto-times.jp
[● 2 SOURCES] BlackRock (IBIT) and Fidelity (FBTC) accounted for $187.6 million of the total $159.9 million net inflow on September 14. cryptoslate.com · cryptonomist.ch
[● 4 SOURCES] Bitcoin's price dropped toward the $75,000 level amid regulatory uncertainty and ETF outflows. blockcast.it · comparic.pl · www.coinspeaker.com · mycryptoparadise.com
[● 8 SOURCES] The US Senate failed to pass a procedural vote for the CLARITY Act, delaying further progress on digital asset regulation. blockcast.it · comparic.pl · www.coinspeaker.com · www.fool.com.au · mycryptoparadise.com · +1 more
[● 6 SOURCES] US spot Bitcoin ETFs recorded $159.9 million in net inflows on September 14, ending four consecutive sessions of withdrawals. cryptoslate.com · cryptonomist.ch · crypto-times.jp · www.criptovaluta.it · blockcast.it · +1 more
[● 3 SOURCES] The Federal Reserve raised interest rates by 25 basis points. cryptonewsland.com · coinpaper.com · www.blocktempo.com