Ethereum Holds Ground at $2,449 as Clarity Act Fail Fails to Crush Price

Ethereum's price held steady at $2,449.25 on Thursday after a tumultuous week that saw its value drop to $2,376 following the Senate vote against the Clarity Act.

The bill, which aimed to clarify crypto regulation, failed 49-50 on Tuesday, leading to a sell-off in Ethereum and other tokens.

Despite the setback, Ethereum has shown resilience, rising 1.35% over the past 24 hours and 1.54% on Wednesday despite the Federal Reserve's rate hike and $224 million ETF exit.

The token's market capitalization stands at $298.95 billion, with a 24-hour spot volume of $7.89 billion.