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Bitcoin: BTC Finds Support after US Crypto Bill Progress and SpaceX Holdings Disclosure
Bitcoin initially surged back above the $80,000 level after the Senate Banking Committee advanced the Clarity Act, a major legislative proposal designed to establish clearer rules for digital assets in the United States. The move was viewed as one of the most important regulatory developments for the cryptocurrency industry in years and briefly boosted optimism surrounding institutional adoption. However, the rally quickly lost momentum. Bitcoin later fell below $76,000 as traders reacted to mounting selling pressure, large ETF outflows, and new legislation involving long-term government-held BTC reserves. The sharp ... (full story)
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