Bitcoin and crypto stocks fall ahead of CLARITY Act Senate vote and Fed rate decision
Bitcoin is trading around $76,431, down 2.19% over 24 hours, while Ether fell 1.8% and Solana dropped 1.02%. Crypto-linked stocks also saw declines, with Coinbase down 6.11%, Robinhood 3.83%, Circle 8.1%, and Strategy 4.4%. Investors are bracing for a Senate cloture vote on the CLARITY Act, which aims to establish federal rules for digital asset oversight, scheduled for Tuesday at 2:15 p.m. ET. Additionally, a Reuters poll indicates 86 out of 101 economists expect the Federal Reserve to raise rates by 25 basis points on Wednesday, marking its first hike since July 2023.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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1
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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ETH inter-exchange spread reaches 1.11%
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Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
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Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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