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AnalysisCryptocurrencies

Bitcoin Falls Below $75,000, Crypto Stocks Plunge as Clarity Act Vote Fails

TradingKey

AuthorBlock Tao

Sep 16, 2026 1:19 AM

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On September 15, Eastern Time, the U.S. Senate’s failure to advance the Clarity Act triggered a widespread crypto market sell-off. Bitcoin briefly fell below $75,000, Ethereum dropped past $2,400, and major concept stocks like Circle and Coinbase plunged over 10%. Persistent policy uncertainty drove severe network liquidations, totaling over $666 million across 110,000 traders within 24 hours, with long positions making up 85% of the losses. Consequently, market sentiment weakened toward a neutral level.

AI-generated summary

TradingKey - Procedural vote on the Clarity Act falters, Bitcoin loses $75,000, and crypto stocks plunge across the board.

On September 15, Eastern Time, the U.S. Senate procedural vote ended with 49 votes in favor and 50 against, falling short of the 60-vote threshold and failing to advance the Clarity Act. The outcome triggered a sharp market reaction to the failed resolution of policy uncertainty and set off a chain reaction of liquidations across the network.

By the close, crypto concept stocks plunged across the board, with Circle (CRCL) and Coinbase (COIN) both tumbling over 10%, Bitmine (BMNR) falling over 8%, Strategy (MSTR) dropping over 5%, and Robinhood (HOOD) falling over 3%.

Over the past 24 hours, cryptocurrency losses widened further. Among them, Bitcoin fell 3%, briefly dropping below the $75,000 mark; Ethereum plunged over 4%, at one point losing the $2,400 mark; and Ripple (XRP) tumbled over 9%, far exceeding other major coins.

This round of sharp declines in the crypto market dealt another blow to bulls, with the sentiment index sliding further toward the neutral level (50) to 63. According to data from Coinglass and other platforms, over 110,000 traders were liquidated across the crypto market in the past 24 hours, with total liquidations topping $666 million and long positions accounting for $568 million, or 85%.

Crypto-liquidation-Long-short-9c14fa3f4eef46a9b7b57b32b476ee77 Crypto market liquidation data, Source: CoinGlass

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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