Crypto
Injective Tumbles 10% Amid CLARITY Act Vote Fallout and Bitcoin Sell-Off
The price of Injective (INJ) has taken a hit after the CLARITY Act vote failed to pass in the Senate, causing a Bitcoin sell-off and resulting in $637 million in liquidations across the crypto markets.
Over the past 24 hours, INJ has dropped 10.2%, falling from $6.28 to its current price. This decline is part of a larger trend that began in 2025 when INJ slipped below a key support zone around $16.15.
Despite this downturn, Injective's long-term price trends show signs of recovery. The token has been trending downward since 2025, but the bulls are fighting to clear the $5.90 resistance zone, which was retested as resistance in mid-July.