Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38%

60-second summary

Bitcoin is wilting as oil and rates rise, with its price plummeting in tandem with the decline of the Clarity Act, whose odds have tumbled to 38%. Geopolitical risks, increasing interest rates, and fresh regulatory setbacks are driving the crypto market lower. Key Democrats are now pushing for stronger safeguards in the market structure bill, exacerbating the downturn.