Bitcoin Rejected at $80K Again Ahead of Crucial CLARITY Act Senate Vote: Market Watch

Somewhat surprisingly, bitcoin’s price jumped quite hard on Monday, reaching a multi-day peak of almost $80,000 before it was halted once again and pushed below $77,000 ahead of today’s crucial CLARITY Act vote in the US Senate.

Most altcoins tried to follow suit but were rejected at their local peaks. Still, some, such as XRP, XLM, and UNI, are still in the green on a daily scale.

BTC Braces for CLARITY Vote

The primary cryptocurrency experienced some intense volatility at the end of the previous business week as all eyes had turned to the US Consumer Price Index numbers. Once they came out, which were actually in line with expectations, BTC first dumped from $77,000 to $76,000 before it suddenly skyrocketed to $79,800, where its progress came to a screeching halt and dropped back to its starting point.

The weekend, as most previous ones, was quite sluggish, with BTC trading sideways at around $77,000. It dipped again on Monday twice to $76,500, where the bulls finally stepped up and didn’t allow another leg down.

… Continue reading the full article at the original source below.