Bitcoin slid to $75,600, setting a fresh low for September. The pressure on the crypto market ramped up as global bond yields spiked to multi-decade highs, shaking up risk appetite just ahead of the Senate's vote on the CLARITY Act.

September Low: $75.6K for BTC

BTC dipping to $75,600 signals clear weakness from buyers as September kicks off. Both bulls and bears are playing it safe after this new low, which is showing up in muted price action.

Bond Market Squeeze Hits Risk Assets

The surge in government bond yields to levels not seen in decades is hammering risk assets across the board. Crypto, including BTC, is feeling the heat as tighter financial conditions put extra stress on the market.

Uncertainty Looms: Senate Vote on CLARITY Act

Tension is building ahead of the Senate's upcoming CLARITY Act vote, adding to the market's uncertainty. Traders are staying cautious until there's more regulatory clarity, which is keeping aggressive buying in check.