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Morning Edition · Wednesday, September 16, 2026Published at 1:44 AM EDT · New York
Crypto Longs Lose $570 Million as Bill Fails and Traders Price a Fed Hike
Bitcoin traded near $76,000 and XRP fell about 10 percent, with the Federal Reserve's rate decision due at 2 p.m. Eastern on Wednesday and futures markets split on whether it raises.
Leveraged positions were the first to register the legislative outcome. CoinDesk reported $570 million in liquidated long positions over 24 hours, with bitcoin and ether longs taking the largest share, after the Senate blocked the CLARITY A…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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