Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38%
Geopolitical risks, rising rates, and fresh regulatory setbacks send crypto lower as key Democrats demand stronger safeguards in the market structure bill.
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Summary
- Bitcoin slipped to about $65,500 as rising oil prices and higher Treasury yields pressured risk assets and weighed on major cryptocurrencies.
- Market sentiment was further dampened by an apparent escalation in U.S. military strikes linked to Iran.
- Regulator uncertainty persisted as key Senate Democrats criticized the latest draft of the Digital Asset Market Clarity Act, sending betting odds of its passage lower.
