Crypto’s hopes for a Washington rescue collided with a harsher market reality Tuesday. The likely failure of the long-shot Clarity Act to advance in the Senate removed one of the industry’s few potential catalysts just as renewed anxiety over interest rates bears down on speculative assets, sending Bitcoin sharply lower while hammering crypto-linked stocks.
Crypto’s hopes for a Washington rescue collided with a harsher market reality Tuesday. The likely failure of the long-shot Clarity Act to advance in the Senate removed one of the industry’s few potential catalysts just as renewed anxiety over interest rates bears down on speculative assets, sending Bitcoin sharply lower while hammering crypto-linked stocks.
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