Bitcoin price falls to $75.6K September low as global bonds hit multidecade highs

Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act.

Key points:

• Bitcoin dropped to $75,560, its lowest level so far in September ahead of the US Senate’s procedural vote on the CLARITY Act.
• Global bond yields in major economies set new macro highs as $100 oil prices remained a point of contention.
• Analysis expects that central banks around the world will raise interest rates going forward, traditionally a headwind for crypto markets.

CLARITY Act vote keeps crypto markets nervous

Data from TradingView showed BTC/USD dipping under $76,000, erasing a trip to $79,600 from the day prior.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

Crypto traders remained on edge ahead of the procedural vote on the CLARITY Act, due at 2:15pm Eastern time. The legislation will go forward to a Senate-floor debate should it gain the necessary 60 votes. 

As Cointelegraph reported earlier, consensus sees barely any chance of success, despite optimism from some sources, with Polymarket users giving CLARITY mere 14% odds of becoming law in 2026 as of Tuesday.

Implied odds for CLARITY act passing in 2026. Source: Polymarket