Despite the CLARITY Act Advancement, Bitcoin Fell Below $77K
On May 14th, the CLARITY Act passed the Senate Banking Committee and advanced for full Senate Voting. Despite the positive outcome, BTC’s price declined by nearly $6,000, suggesting possible sell-the-news behavior among traders. BTC’s fall triggered a liquidation of over $670 million in leveraged crypto long positions. Alongside Bitcoin, Ethereum fell by over 10%, and […]
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