Bitcoin Stabilizes After 4% Drop Amid Regulatory Uncertainty and Fed Rate Hike

Bitcoin (BTC) has stabilized after falling approximately 4% over 48 hours to $75,900, following the failure of a U.S. regulatory bill vote and the Federal Reserve's interest rate hike. QCP Capital reported in an analysis shared by Ublock123 that the Senate's Clarity Act failed to secure the required 60 votes, with 49 in favor and 50 against, while the Fed's rate increase delivered consecutive shocks to Bitcoin.

QCP Capital also noted that funds in spot Bitcoin ETFs have resumed net inflows. However, specific figures on the net inflow amount and subsequent price reactions remain pending further verification.