Bitcoin Slumps Below $76,000 as CLARITY Act Vote Falls Short
The price of Bitcoin fell below $76,000 after the U.S. Senate failed to advance the Digital Asset Market Clarity Act.
This failure adds regulatory uncertainty and weighed on the market, causing a steep drop in price.
Cryptocurrency analyst Alpha Crypto Signal believes that this recent fall is just a retracement and not a change in the overall structure of the market, with Bitcoin likely to move towards $87,000.