Crypto market cap falls to $2.59T ahead of Fed decision, after CLARITY Act fails
- —Market cap fell 1.65% to $2.59 trillion over 24 hours
- —$450 million withdrawn from spot BTC ETFs, $141 million from ETH ETFs
- —Senate rejected CLARITY Act 49–50, XRP dropped 8.18%
- —Probability of Fed rate hike at 92.5%, to 3.75–4.00%
Why it matters: A rate hike with a hawkish signal could deepen the selloff, while a pause would give BTC, ETH and XRP room to rebound.
Source: CoinGape