STX falls 11.72% to $0.232 amid liquidations and CLARITY Act failure
- —STX fell 11.72% to $0.232, losing most of its 94.97% monthly gain
- —The CLARITY Act failed to reach 60 votes in the Senate: 50 for, 49 against
- —Market liquidations totaled about $300 million
- —STX is 93.94% below its all-time high of $3.82
Why it matters: As a Bitcoin L2, STX is especially sensitive to US regulatory uncertainty, which reduces the chances of institutional inflows.
Source: DiarioBitcoin