Bitcoin Retreats Below $76,000 Ahead of Clarity Act Vote and FOMC Meeting

Bitcoin has retreated below the $76,000 mark ahead of the U.S. Senate's Clarity Act debate and final vote, with over $100 million in leveraged positions liquidated within the last 12 hours. The market remains cautious as the Federal Open Market Committee (FOMC) meeting is scheduled for this week. According to CoinMarketCap data as of 15th local time, Bitcoin traded at $76,752.38, down approximately 1.7% from the previous day, giving back all recent gains.

The U.S. Senate is set to hold a Clarity Act debate and final vote at 2:15 p.m. EDT today.