Crypto
Bitcoin Price Drops Below $75,500 After CLARITY Act Vote
The Bitcoin price fell to $75,350 after the U.S. Senate rejected the CLARITY Act, leaving it short of the required 60 votes for passage.
The vote weighed heavily on digital assets and U.S.-listed crypto companies as traders reassessed the outlook for federal market rules.
Derivatives amplified the initial decline, with approximately $771 million in leveraged crypto positions liquidated over 24 hours, including about $568 million in long positions.