Bitcoin Held Steady Near $83K Despite Senate Setback On Crypto Bill

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September couldn't give crypto investors enough to sink their teeth into. A major piece of legislation dealing with digital assets failed in the Senate on the very same day the Federal Reserve raised interest rates. You'd think that combo would send Bitcoin spiraling, but it barely reacted to the anticipated slide.

If you're tracking markets, the Bitcoin price is the fastest way to see how the story unfolds. As per Binance stats, the price of Bitcoin was about $82,895 on September 29, with a 0.67% drop in the last 24 hours. It is at a $1.7 trillion market cap with a $40 billion trading volume in the same span. All those numbers move quickly, and September is the reason a singular Washington headline is almost never the full story on crypto.

Two Big Washington Moments

Senators voted for Digital Asset Market CLARITY Act in a Senate procedural vote. It requires a 60 to advance.