Bitcoin Fails at $80K Again as US Senate CLARITY Vote Looms

Bitcoin saw sharp price swings this week, jumping close to $80,000 on Monday before sellers stepped in and pushed the leading cryptocurrency back below the $77,000 mark. The sudden rejection comes right as traders prepare for a crucial vote on the CLARITY Act in the United States Senate. Market participants are also keeping a close watch on upcoming interest rate announcements from the Federal Reserve, which could spark even more volatility across the entire crypto sector.

Most altcoins mirrored bitcoin by touching local peaks before pulling back. Ethereum slipped below the $2,500 level following a modest daily decline, while tokens like Solana, Binance Coin, and Dogecoin trade slightly in the red. A few select altcoins bucked the trend, with Stellar and Uniswap posting daily gains of around four to five percent, while lesser known tokens experienced sharper losses.

The broader cryptocurrency market cap is holding steady near $2.65 trillion, and bitcoin dominance sits at nearly 59 percent. With major legislative decisions and macroeconomic updates hitting the calendar today and tomorrow, traders should expect choppy price action and manage their risk carefully.