XRP Sinks 10% as the Clarity Act Fails and Bitcoin Slides Toward $76,000
24 Articles
24 Articles
Bitcoin drops after US Senate blocks landmark crypto bill
Bitcoin has fallen almost 4% over the past 24 hours to below $76,000 after the US Senate blocked the CLARITY Act late on Tuesday, derailing more than a year of bipartisan negotiations and leaving the crypto industry without the federal rulebook it has spent years pursuing.
How much of the current market movement is linked to the CLARITY Act vote?
Crypto markets weakened after the US Senate failed to advance the CLARITY Act, but the selloff came amid a broader risk-off environment. Bitcoin fell around 3-4%, while crypto-linked equities saw sharper declines. The regulatory setback added pressure, but elevated bond yields, oil prices and macroeconomic uncertainty also weighed on sentiment.
The Senate blocks the CLARITY law with 49 votes in favour and 50 against. Circle falls 11.6% and Bitcoin falls 4%. The entry The U.S. Senate blocks the CLARITY law: Circle sinks 11% and Bitcoin falls to 75,939 dollars aparece primero en Merca2.
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