Crypto
Bitcoin, Ethereum, and XRP Plummet Ahead of CLARITY Act Senate Vote
The cryptocurrency market is experiencing a significant downturn, with Bitcoin plummeting to $76,426.03, down 2.9% over the past 24 hours.
This decline comes as markets grow increasingly uneasy ahead of today's critical Senate vote on the CLARITY Act.
Ethereum has also taken a hit, falling below $2,500 to $2,423.76, down 3.8%, while XRP slipped to $1.40.
The selloff has resulted in over $200 million in crypto positions being liquidated over the past 12 hours.
Some traders believe this drop may be pre-vote positioning rather than a lasting trend, with one predicting that Bitcoin could test $74,000 before the vote, potentially setting up a sharp bounce if the CLARITY Act advances tonight.