Bitcoin Drops 4% After Senate Blocks Crypto Bill in 49–50 Vote: Why the Fed Decision Is the Next Test

The Senate fell 11 votes short of advancing a federal crypto framework, and markets reacted fast: Bitcoin slid 4% while Coinbase and Circle each lost 9%. The vote itself wasn't the biggest problem, though. It removed Bitcoin's best counterweight to rising yields just hours before the Fed announces its rate decision. Here are the 3 scenarios that could decide crypto's next move.