Bitcoin fell below $76,000, the Clarity Act failed to vote, and the Federal Reserve's interest rate decision attracted much attention

On Wednesday, Bitcoin continued its overnight decline after the U.S. Senate rejected an important cryptocurrency regulatory bill. In addition, the market was generally cautious before waiting for the outcome of the Federal Reserve meeting. The combination of multiple pressures put Bitcoin under pressure.

Cryptocurrency markets continued to slump following the results of the Senate vote on Tuesday night. Meanwhile, heightened geopolitical tensions in the Middle East and rising U.S. Treasury yields further weighed on market sentiment.

Bitcoin fell 1.8% to $75,893.1 at 2:32 a.m. Eastern Time (14:32 Beijing time).