- Lower prices expected after rate hike and failed Clarity Act vote.
- Will the crypto market turn bearish once again?
- Expert believes $71,000 BTC is the lowest and market will remain bullish.
The crypto community is in a tizzy as many traders state that lower price expected after rate hike and failed Clarity Act vote. Indeed, this week began with high expectations as the Clarity Act vote was expected to gain a winning vote. Instead, it seems the bill is stalled with no action for a possibility for it to turn to law anytime soon. This paired with the new rate hike has led many to believe that the crypto market will turn bearish again.
Lower Prices Expected After Rate Hike and Failed Clarity Act Vote
The week began with high expectations for the crypto market as the Senate was expected to make its penultimate vote on the Clarity Act. With a vote of 60, the bill would head to its final vote that would turn the bill into law, bringing clarity to the crypto space in the USA. However, this dream seemed to have hit a snag during the vote as Senator Elizabeth Warren gave a powerful speech that led to a failure in the passing of the bill.
The Senator believed that the bill in its current form would lead to the continued corruption of Trump and his family in leveraging crypto scams using memecoins like they did with WLF, TRUMP, MELANIA, and more. She shared facts and statistics that show how the Trump family made billions while Americans lost billions from their meme coin schemes, which seemed to have led to a lower vote than expected.
In contrast, those that actually worked alongside Trump’s administration with the sole purpose of bringing clarity to the crypto space, such as leaders of Cardano, Coinbase, Ripple, and more shared their disappointment at the current outcome. Members of the crypto community now hope to see Trump play out a solid Plan B that could still lead to the Clarity Act becoming law.
$BTC: Due to the rate hike, everyone is extremely bearish and everyone is calling for lower price targets on Bitcoin. I highly disagree and say the bottom was in at 57k and I’m holding all my coins that I bought at 60-64k area and not planning to sell!
— Doctor Profit 🇨🇭 (@DrProfitCrypto) September 16, 2026
As a result, the crypto market saw a small dip in prices, nothing as deep as a brutal blow like the Clarity Act failing its vote should have led to. This lets many state that a fatal market dip may not occur, as most crypto prices seem to be holding strong. Additionally, the Fed raised rates by 25 bps to 3.75% – 4.00%. Since inflation is still high, the Fed says this hike will bring inflation back to 2% faster.
Will the Market Turn Bearish for Crypto Again?
Overall, expectations remain bullish as many traders and analysts see continued strength in crypto market prices. After all, the cycle always continued to play out as it always did, despite political movements. Thus, the expert in the posts above concludes that despite the disappointment in the space, he will continue to hold and expects the price of BTC to only dip as low as the $71,000 price range, expecting the $88,000 price target to be hit next.
