Crypto
Bitcoin Price Tumbles After CLARITY Act Rejection
The Bitcoin price dropped after the U.S. Senate rejected the CLARITY Act, leaving digital assets and U.S.-listed crypto companies under pressure.
According to crypto.news, the BTC price fell toward $75,500, with approximately $771 million in leveraged crypto positions liquidated over 24 hours, including about $568 million in long positions.
The Bollinger Band structure shows immediate resistance at $77,080, followed by the upper band near $78,918. Bitcoin would need to reclaim the midpoint and establish support above it to weaken the current bearish setup.