
Bitcoin (BTC) Is Struggling: Does the Path Back to $80K Still Hold?
Bitcoin (BTC) is currently trading near $77.1K. The sellers are in firm control and driving the price lower.
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Bitcoin (BTC) is currently trading near $77.1K. The sellers are in firm control and driving the price lower.

XRP jumped hard on Monday afternoon but it was stopped. It remains at a crucial level now, just hours ahead of the highly important CLARITY Act vote.

Velocity raised its Series A to $48M with a $10M extension backed by Visa Ventures, Circle Ventures, Ripple, Haun and other investors.

Ripple's XRP has become the clear leader in the derivatives space as traders are increasingly positioning for the Senate's CLARITY Act cloture vote today. The XRP options volume has surged nearly 350% in the last 24 hours, outpacing the growth of Bitcoin and Ethereum options.

As Ethereum supply leaves exchanges, demand may not need to surge because fewer available coins can magnify smaller buying waves.

BlackRock has remained relentless in expanding its Bitcoin holdings as it continues to fortify its position as one of the largest Bitcoin-holding corporations.

Bitcoin price fell below $77,000 as traders reduced risk before a key U.S. Senate vote on the CLARITY Act, while technical charts showed weakening short-term momentum. Bitcoin price action today According to data from crypto.

Bitcoin reversed Monday's rise toward $80,000 and fell back near $77,000 as Polymarket odds for the CLARITY Act dropped from 34% to 17%. Broader crypto markets weakened while U.S. equity futures rose, making Tuesday's decline increasingly crypto-specific ahead of the Senate procedural vote.

Bitcoin price has fallen below $77,700, as traders prepare for the Federal Reserve's FOMC interest rate decision tomorrow. The market is already seeing heavy pressure, with nearly 79,000 traders liquidated and total liquidations reaching $337.75 million in the past 24 hours.
The US, and by extension the global economy are under strain as government bond yields continue to rise. The US 10 year bond yield surged above 5% on Tuesday and this has impacted the crypto market, with Bitcoin sliding down to important support at $76K.

Mike Novogratz reversed his longstanding XRP skepticism, acknowledging Ripple's institutional presence and community resilience.

Eight transactions, one block: Is XRPL's batch V1.1 the Q4 catalyst XRP needs?
The Senate is scheduled to vote later Tuesday on a cloture motion to advance the Clarity Act. A successful cloture vote would allow debate to proceed and move the legislation closer to a final vote, but would not by itself make the act law.

A projected 4.70% difficulty increase could cut hashprice 4.49% and push older machines below power-only breakeven.

Bitcoin open interest fell 13.5% as ETF outflows, a CLARITY Act vote and Fed decision put the $76,000-$77,000 support zone under scrutiny.