Bitcoin Falls Below $76.7K Support After Senate CLARITY Act Rejection

According to Glassnode Insights, Bitcoin slipped below its recent trading range and the True Market Mean at $76.7K. The currency closed the week near $76K, representing a weekly decline of roughly 4.6%.

The downturn followed the Senate’s rejection of the CLARITY Act, a market-structure bill, on September 15. Prices broke through the support line during the voting hour and have remained under it since late August.

Buying activity has halted across various sectors. Realized Capital increased for 27 consecutive days through September 14, but recorded a net sell-off for the first time in a month on the 15th. Spot ETFs in the US lost approximately $334 million between September 8 and 14, reversing nearly $1 billion in early-month gains.

Corporate treasury accumulation has also decelerated. Listed firms have purchased roughly 5,900 BTC over the last quarter, down from 89,000 BTC in July 2025. Their average acquisition cost stands at $80.5K, which is about 6% higher than current spot rates.

Altcoins have experienced sharper declines. In a single session, the portion of the top-100 assets trading above their 20-day moving average fell from 56% to 19%. Traders shifted toward purchasing downside protection within hours of the Senate vote, with the max pain point for the September 25 expiry located at $72K.