Bitcoin's Momentum Cools as Washington's Crypto Promise Faces a Reality Check
8 hours ago
- Bitcoin's rally loses momentum as optimism over US crypto regulation fades ahead of a key Senate vote on the CLARITY Act.
- The CLARITY Act faces political hurdles including disagreements over ethics, enforcement, and Trump-related interests, making bipartisan support uncertain.
- Macroeconomic factors such as rising Treasury yields, inflation concerns, and Fed policy are also weighing on Bitcoin's price.
- Institutional interest persists with renewed Bitcoin ETF inflows, but short-term sentiment is mixed due to regulatory uncertainty.
- The market is pricing in expectations of legislative progress; a setback could trigger reassessment of the recent rally.
- Prediction markets provide real-time tracking of evolving expectations around regulatory and economic events.