Bitcoin price hovers around $83,000 to $83,600 while Polymarket showed a 61% probability that Democrats would win control of both chambers of Congress in the 2026 midterms. The U.S. Senate rejected the CLARITY Act on September 15, a bill meant to clarify SEC versus CFTC jurisdiction over digital assets. One day later, the Federal Reserve raised its policy rate to a range of 3.75%-4%, with 16 of 18 Fed officials expecting further hikes this year. Analysis suggests Federal Reserve policy is driving Bitcoin price more than political developments on Capitol Hill, with traders weighing liquidity conditions more heavily in the near term.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
