Bitcoin Price Holds Despite Fed Hike and Failed Senate Vote; On-Chain Data Suggests Range Break
Bitcoin (BTC) showed resilience in price after two major events: a U.S. Federal Reserve rate hike and the failure of the CLARITY Act to pass in the Senate on September 15, 2026. Despite these developments, Bitcoin’s price rose slightly following the Fed announcement but closed below key levels that suggest structural weakness according to on-chain analytics firm Glassnode. The market had largely priced in both outcomes ahead of time, which limited immediate volatility. However, a second daily close below the True Market Mean—$76,700—marked a potential break from Bitcoin’s recent trading range established since late August. This level represents the average price paid by active investors and its breach could signal further downward pressure. On-chain data also revealed declining inflows into spot BTC funds, with outflows reaching $592 million in one day following the failed Senate vote. ETF demand had already weakened before this event, while stablecoin supply remained flat at around $301 billion. Institutional buying activity has slowed significantly compared to earlier 2025.
Tickers: $BTC
Topics: Bitcoin Market Volatility On-Chain Data Regulatory News