Crypto market slips back to $2.65T after Democrats' counterproposal on CLARITY Act
- —Market cap: rose to $2.71 trillion, then pulled back to $2.65 trillion
- —Odds of the CLARITY Act passing this year fell to 19% from a Monday peak of 34%
- —Bitcoin at $77,400: a break below $75K or above $82K could sharply increase volatility
- —18 U.S. state attorneys general urged the Senate to reject the bill in its current form
Why it matters: The outcome of the CLARITY Act vote and the Fed's September 16 decision will set the market's direction: a break of the $75–82K range risks a cascade of liquidations.
Source: Bitcoin Insider