Bitcoin drops as South Korean stocks tumble, Senate shelves crypto Clarity Act
CoinDesk·
60-second summary
Bitcoin drops 2% as South Korea's Kospi plunges 11% amidst market volatility, with investors seeking safe-haven assets. The U.S. Senate shelves the Clarity Act, a bill aimed at clarifying crypto regulations, leaving the market uncertain. A pivotal Fed decision on Wednesday is expected to impact market sentiment, with investors bracing for potential interest rate hikes.
BTC shed 2% as South Korea's Kospi plunged 11% and the U.S. Senate shelved the Clarity Act, leaving the market facing a pivotal Fed decision on Wednesday.