Crypto Market Stagnant Amid US Regulatory Setbacks
The crypto market remains stagnant, with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly.
Regulatory setbacks in the US have removed catalysts for a price rally, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARITY Act.
Bitcoin dominance holds steady at 56.1%, indicating capital is exiting crypto rather than rotating into altcoins.