Why Is the Crypto Market Down 3.16% Today, September 16, 2026? Bitcoin Falls Below $76K as Senate Bill Fails Before the Fed

Crypto sold off broadly as the Senate's 50-49 vote failed to advance the CLARITY Act, removing a key U.S. regulatory catalyst and weighing on majors and listed crypto equities. Simultaneously, a ~92.4% implied probability of a Fed hike, 10Y yields near 5%, a firmer dollar, and elevated Brent tightened financial conditions and reduced risk appetite. BTC declined with higher-beta tokens underperforming.