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Crypto

Senate Fails to Advance Crypto Bill, Sending Stocks Plummeting

Guavy AI Editorial Team
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BTC
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Bitcoin and other cryptocurrency-related stocks declined on Tuesday following the US Senate's failure to advance comprehensive cryptocurrency legislation. The bill, which had been championed by Republicans for months, aimed to regulate digital assets but ultimately stalled in Congress.

Coinbase and Circle Internet Group were among the hardest hit, with each stock plummeting around 9% in value. Bitcoin itself fell approximately 4%, reaching a price of $75,908 as of Tuesday's close.

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