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Crypto

Bitcoin Hits $75,000 as CLARITY Act Fails to Advance

Guavy AI Editorial Team
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BTC INJ
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The cryptocurrency market experienced significant losses on Wednesday, driven primarily by long-position unwinding in response to the US Senate's failure to advance the CLARITY Act.

Bitcoin (BTC) traded around $75,000 after a 3% decline the previous day. The broader market saw over $600 million in liquidations, with Pi Network and Injective leading losses as the weakest performers.

The CLARITY Act's failure to reach a cloture vote kept crypto market structure legislation in limbo. Both regulatory agencies have indicated they are prepared to pursue changes using existing authority.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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