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LIVE: Why is Bitcoin crashing?

1 hour ago 753
  • Bitcoin fell as much as 5% to $76,110 after the Senate failed to advance the CLARITY Act.
  • Ether dropped more than 8%, while smaller tokens also sold off hard.
  • Fed rate fears are adding pressure, with markets pricing a 92% chance of a quarter-point hike.
  • U.S. stock futures are slightly higher, while Asian markets are mixed ahead of the Fed decision.
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