Crypto Market Hit by Clarity Act Hopes and SEC Hearing Delay

The cryptocurrency market has taken a hit over the past week, with Bitcoin's price falling by approximately 3% and the top 20 cryptocurrencies index down 2.3%. The decline in value is attributed to decreased chances of the Clarity Act passing the Senate this year and the SEC postponing its planned cryptocurrency hearing.

However, a new week brings a flurry of economic developments and altcoin events that may impact market performance. According to the Cryptonews.net calendar, Monday will see DGrid AI open airdrop applications, Coinbase end support for USDC deposits and withdrawals on the Noble network, and Coinbase Futures launch US500 perpetual futures contracts for US users.

On Tuesday, Bithumb will delist the GRACY and SPURS tokens. Wednesday may bring a meeting between top executives from the cryptocurrency and prediction markets sectors with the White House, while 21:00 UTC+3 Turkish time will see the Fed release the minutes of its latest interest rate decision meeting.

Thursday's agenda includes US Initial Jobless Claims data at 15:30 UTC+3. Friday will see South Korea expand its oversight of cryptocurrency operators to include major shareholders and the Step application, part of the 'Move-to-Earn' project, discontinue its service.