Crypto's CLARITY Act Rally Unravels as $75K Bitcoin Comes Into Focus

Cryptocurrency markets slid about 3% over 24 hours, shedding roughly $80 billion after a key US procedural vote failed to move forward. Digital asset total capitalization fell to $2.67 trillion, with Bitcoin taking the hardest hit, down around 4% to just over $75,000—the lowest since August 21—after the US Senate did not advance the CLARITY Act. Ethereum fell 4.6% to under $2,400, while XRP and Solana also posted heavier losses. Crypto stocks echoed the selloff, with Coinbase and Circle both dropping double digits on Tuesday. The Senate vote was 49-50, short of the 60 votes needed, leaving the bill’s path uncertain.