Bitcoin Plunges Amid Senate Delay and Fed Rate Jitters
The price of Bitcoin has fallen to its lowest level in eleven days due to a combination of factors.
The US Senate has delayed a vote on the CLARITY Act, the crypto market structure bill, pushing it toward the August recess cutoff.
This uncertainty, alongside growing caution ahead of the Federal Reserve's rate decision, has led to a broader selloff in Asian equities and a decline in Bitcoin's price.