Cryptocurrency Market Plummets 2.9% as Bitcoin Leads Selloff
The cryptocurrency market saw a decline of 2.9% over the past 24 hours, dropping its total value to $2.16 trillion.
Bitcoin led this broad selloff, and over $670 million in leveraged positions were liquidated as investors grew cautious due to uncertainty surrounding the U.S. Clarity Act.
The Federal Reserve's upcoming interest rate decision on July 29 also contributed to market jitters.