{
  "id": 7810133,
  "title": "Why are BTC and ETH falling today? Crypto prices drop after CLARITY Act setback and ahead of US Fed meeting today",
  "url": "https://urgent.news/2026/09/16/why-are-btc-and-eth-falling-today-crypto-prices-drop-after-clarity",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T15:13:12.000Z",
  "source": {
    "name": "Hindustan Times - World News",
    "slug": "hindustan-times-world-news",
    "url": "https://www.hindustantimes.com/world-news/us-news/why-are-bitcoin-and-ethereum-falling-today-crypto-prices-drop-after-clarity-act-setback-and-ahead-of-us-fed-meeting-tod-101789568800564.html"
  },
  "original_language": "en",
  "account": "Bitcoin and Ethereum prices plummeted on Wednesday, September 16, 2026, following the failure of the US CLARITY Act in the Senate and as investors anticipated the Federal Reserve's interest-rate decision later in the day. Bitcoin opened at $75,586.51, down 3.3% from Tuesday's opening price, but recovered slightly to $75,885.53 by 7:12 a.m. ET. Ethereum started at $2,397.64, falling 4.6% from Tuesday's open, and later rose to $2,404.43.\n\nThe decline in crypto prices happened as investors reacted to the setback for US crypto regulation and prepared for a potentially significant Fed decision. The setback stemmed from the CLARITY Act's failure in the Senate to advance due to lack of required 60 votes. This setback heightened uncertainty surrounding the creation of a clearer regulatory framework for the US crypto industry.\n\nGalaxy Digital CEO Mike Novogratz criticized the Senate's inability to advance the bill, citing concerns over government ethics provisions and potential conflicts of interest involving President Donald Trump and his family. Novogratz argued that the bill's failure was a major setback for both the crypto industry and the US, as lawmakers had been working on the legislation for about 18 months.\n\nInvestors are also concerned about the Federal Reserve's interest-rate decision on Wednesday. A rate hike, the first in three years, could make safer investments more attractive and reduce investors' willingness to take risks, potentially negatively impacting cryptocurrencies. The combination of the CLARITY Act's setback and the uncertainty surrounding the Fed decision has added pressure to crypto prices.\n\nDespite the recent decline, Bitcoin remains up 19.9% compared with one month ago, and Ethereum has gained 27.5% over the same period. Both cryptocurrencies face immediate pressure from the Federal Reserve's decision and the unresolved CLARITY Act issue, making investors cautious about the future of digital assets.",
  "summary": "Bitcoin and Ethereum prices fall after the CLARITY Act setback as investors await the US Fed meet today",
  "key_points": [
    "Bitcoin and Ethereum prices drop on September 16, 2026",
    "CLARITY Act fails in Senate due to lack of 60 votes",
    "Investors anticipate Federal Reserve's interest-rate decision"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Coinbase faces greater fallout from CLARITY Act setback: Saxo",
        "url": "https://urgent.news/2026/09/16/coinbase-faces-greater-fallout-from-clarity-act-setback-saxo",
        "published": "2026-09-16T15:52:17.000Z"
      },
      {
        "outlet": "The Block",
        "title": "‘Go time’: SEC, CFTC prepare to push crypto rules as Clarity Act stalls in Senate",
        "url": "https://urgent.news/2026/09/16/go-time-sec-cftc-prepare-to-push-crypto-rules-as-clarity-act-stalls",
        "published": "2026-09-16T18:06:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}