Bitcoin fades after Fed rate hike as crypto bill stalls

Seekingalpha+2 · yesterday
Bitcoin fades after Fed rate hike as crypto bill stalls
  • The Fed raised its key interest rate, and Bitcoin and cryptocurrency stocks traded lower after the Senate on Tuesday failed to advance the Digital Asset Market Clarity Act.
  • Mining stocks and AI infrastructure providers bucked the crypto decline, trending higher on reports of bullish energy news for Cipher Digital.
  • Bitdeer mined 1.31K Bitcoins in August 2026, up 249% YoY, with self-mining hash rate at 79.9 EH/s; AI Cloud ARR rose to roughly $86M from $76M in July.
  • Bitcoin Policy Institute head of research Sam Lyman testified to a House Foreign Affairs subcommittee that China-linked campaigns helped stall or block $23.6B in proposed U.S. AI infrastructure.

Quotes

Bitcoin and cryptocurrency stocks traded lower amid a disappointing start to the week after the Senate on Tuesday failed to advance the Digital Asset Market Clarity Act.Harrison Miller
mined 1.31K Bitcoins (BTC-USD) in August 2026, up 249% YoY, while its self-mining hash rate reached 79.9 EH/sBitdeer Technologies
Sam Lyman testified before a House Foreign Affairs subcommittee that his research tracked 21 China-linked campaigns across 14 states that helped stall or block $23.6 billion in proposed U.S. AI infrastructureSam Lyman

Sources