Crypto Market Sees Slight Rebound Amid CLARITY Act Uncertainty

The cryptocurrency market has regained some of its lost ground, reaching $2.71 trillion in value before retreating to around $2.65 trillion.

This volatility is largely attributed to the CLARITY Act, a bill that aims to provide clarity on the future of crypto in the US.

However, with the Democrats tabling a counterproposal just hours before the final vote, the market's excitement has been tempered.

The chances of the bill passing by the end of the year are now at 19%, down from a high of 34% on Monday.