Crypto costs tank after CLARITY Act fails and forward of Fed resolution

Bitcoin (BTC-USD) opened at $75,586.51 on Wednesday, September 16, 2026, 3.3% decrease than Tuesday’s opening worth. As of seven:12 a.m. ET this morning, the worth of bitcoin moved larger to $75,885.53.

Ethereum (ETH-USD) opened at $2,397.64 on Wednesday, September 16, 2026, down 4.6% from Tuesday’s opening worth. The value of ethereum moved up this morning to $2,404.43 as of seven:12 a.m. ET.

Each bitcoin and ethereum costs are down considerably this morning in comparison with the identical time yesterday, following the failure of the CLARITY Act within the U.S. Senate and forward of the expectation that the Federal Reserve will increase rates of interest later as we speak.

If the Fed does increase charges, it will likely be the primary time in three years.

Brian Sozzi, Government Editor at Yahoo Finance, wrote extra concerning the CLARITY Act’s failure this morning:

The Digital Asset Market CLARITY Act failed its procedural Senate vote on Tuesday, falling in need of the required 60 votes.

“Govt feels damaged. 18 months of labor between our trade, Democrats, and Republicans, and Readability falls aside on the 5-yard line,” Galaxy Digital CEO Mike Novogratz — price an estimated $5.8 billion — mentioned in a brand new X publish.

Added Novogratz, “All the problems bought to a hard-fought compromise besides one. On Ethics, each side dug in and determined their stance was extra essential than the long-run good of a serious trade and our nation’s likelihood to steer it. Republicans had been afraid of placing actual limits on a President’s means to revenue from digital property. Dems determined that this one trade is the place they might combat a corruption battle. They had been scared to be seen doing something that might be perceived as being smooth on the President.”

Senate Democrats blocked the development of CLARITY over lingering issues concerning authorities ethics provisions and presidential conflicts of curiosity. President Trump and his household have lengthy been a key participant in crypto with their numerous investments.

Maintain studying: Crypto billionaire on Readability Act dying: Authorities feels damaged

Present worth of bitcoin and ethereum

Bitcoin

The value of bitcoin this morning, Wednesday, September 16, 2026, was 3.3% decrease than Tuesday’s opening worth. Here is a take a look at how the opening bitcoin worth has modified versus final week, month, and yr:

• One week in the past: -3.6%

• One month in the past: +19.9%

• One yr in the past: -34.5%

The all-time excessive for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low worth for bitcoin was $0.04865 on July 14, 2010. 

Ethereum

The value of ethereum this morning, Wednesday, September 16, 2026, was 4.6% decrease than Tuesday’s open. Here is a take a look at how the opening ethereum worth has modified versus final week, month, and yr:

• One week in the past: -3.5%

• One month in the past: +27.5%

• One yr in the past: -47%

The all-time excessive for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low worth for ethereum was $0.4209 on Oct. 21, 2015. 

Bitcoin, ethereum, and different cryptocurrencies are quickly evolving. Observe the newest developments from Yahoo Finance and others right here.

Crypto and taxes

You usually owe taxes while you promote cryptocurrency for greater than you paid for it. This additionally applies while you trade one digital asset for an additional. Changing bitcoin into ethereum, for instance, is not “only a commerce” within the eyes of the IRS. It is a taxable occasion if the worth adjustments.

Crypto taxes aren’t paid on the time of the transaction, however as a substitute, they’re reported in your tax return for the yr through which the transaction happened. So, in the event you offered crypto for a revenue at any level throughout 2025, that exercise is reported while you file your 2025 return in early 2026.

How a lot tax you pay relies on two most important components:

1. How lengthy you held the asset earlier than promoting

2. Your general taxable earnings and submitting standing

Maintain it for lower than a yr, and you will often face larger charges. Maintain it longer, and the charges are usually decrease.

This holding-period distinction issues greater than most individuals notice. A number of days could make a distinction of as a lot as 17% or extra — so timing issues.

Be taught extra: Sure, crypto is taxed. Here is when you must pay.

Bitcoin and ethereum worth charts

Whether or not you are model new to monitoring the worth of bitcoin and ethereum or a extra seasoned crypto investor, Yahoo Finance’s price-of-bitcoin and price-of-ethereum charts beneath present a visible historical past of how the currencies’ worth continues to maneuver and evolve.

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