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Bitcoin drops 3% to $76,000 as CLARITY Act prospects dim

10/2/2026

Bitcoin (BTC-USD) declined 3% on Tuesday, touching $76,000, as the likelihood of the CLARITY Act passing this year receded.

The drop occurred ahead of a Federal Reserve decision and a Senate procedural vote on the digital asset legislation.

The bill, which seeks to establish a comprehensive federal framework for digital asset markets, failed to secure the 60 votes necessary to overcome a filibuster.

Hours before the vote, Republicans rejected a Democratic counteroffer, leading to a sharp decline in market confidence.