US Senate Blocks Clarity Act by a Single Vote. Bitcoin Drops 4%, XRP Slides 11%
Redakcja CryptoPulsar ·
The US Senate blocked the Clarity Act, and the crypto market answered with a broad sell-off. Bitcoin falls 4.13% to $75,531, Ethereum loses 5.98%, and XRP plunges 11.28%. Total crypto market capitalization stands at $2.67T.
The US Senate blocked the Clarity Act, and crypto answered with a sharp sell-off. According to Comparic.pl, a single vote decided the outcome, and The Block describes the procedure as a spectacular defeat of the flagship digital assets bill. Bitcoin is down 4.13% to $75,531 with a market cap of $1.52T. Ethereum loses 5.98% and slips to $2,396. Among the top five, XRP falls the hardest: down 11.28% to $1.28. Total crypto market capitalization stands at $2.67T. The Fear and Greed Index sits at 69, in the greed zone, which amid such a broad correction raises the risk of a further cooling in sentiment. The data does not constitute investment advice.
A red day across the entire market. XRP leads the losses
The sell-off is not limited to the two largest coins. In the top ten by market cap, every asset with 24h data is in the red. Bitcoin loses 4.13%, Ethereum 5.98%, Solana 6.33%, and Zcash 5.71%. Relatively the mildest declines belong to BNB (-1.61%) and TRON (-1.96%). Stablecoins remain near peg: Tether slips 0.04% to $0.9994, USDC 0.02% to $0.9997.
Volume shows where capital is actually flowing. USDT records $67.37B in 24h turnover, more than Bitcoin ($39.27B) and Ethereum ($19.38B) combined. USDC adds $19.66B. That mix is typical of sessions in which investors rotate into the tokenized dollar rather than hunt for risk in alts. XRP, down 11.28%, generated $5.65B in volume, Solana $3.77B.
| Crypto | Price | 24h | Cap. |
|---|---|---|---|
| Bitcoin | $75,531 | -4.13% | $1.52T |
| Ethereum | $2,396 | -5.98% | $292B |
| Tether | $0.9994 | -0.04% | $183B |
| BNB | $712 | -1.61% | $94.8B |
| XRP | $1.28 | -11.28% | $80.6B |
| USDC | $0.9997 | -0.02% | $73.8B |
| Solana | $96.74 | -6.33% | $56.8B |
| TRON | $0.3325 | -1.96% | $31.6B |
| Figure Heloc | $1.013 | -2.76% | $22.9B |
| Zcash | $1,111 | -5.71% | $18.8B |
The seven-day horizon confirms this is not a one-session accident. XRP is down 9.20% on the week, Solana 5.60%, BNB 4.50%, Bitcoin 3.20%, Ethereum 3.00%. TRON falls 1.80% over 7 days, Zcash 2.10%, Figure Heloc 0.80%. The data points to accumulated pressure, not a single impulse confined to one day.
Clarity Act rejected. One vote and Bitcoin slumps
The main event of the day is the Clarity Act's defeat in the US Senate. Comparic.pl writes about Bitcoin's sudden slump after the chamber's decision and stresses that a single vote decided it. The Block reports that a procedural vote on the flagship digital assets bill ended in a spectacular failure on Tuesday and left the industry in shock. Bankless asks outright: "Clarity's Vote Failed. Now What?" and notes that the path to lasting US crypto regulation is once again unclear.
Bitcoin Magazine links the bill's blockage to the drop in Bitcoin and BTC-related stocks. That ties the session together: this is not only about oscillators and leverage, but a blow to the narrative of a US regulatory breakthrough. Bankless adds that the Senate's latest attempt collapsed after an ethics agreement briefly revived hopes. The less certainty there is around the legal framework, the higher the risk premium, which the market is pricing in right now through falling prices.
💡 Good to know
The Fear and Greed Index stands at 69, meaning greed still dominates even as Bitcoin falls 4.13% and XRP 11.28%. BTC perpetual funding is close to zero (0.0027%). Data from the CryptoPulsar market cycle suggest the leverage market is not overheated, but sentiment remains optimistic relative to the current sell-off. That divergence has historically been fuel for a deeper correction if bulls fail to regain the initiative. This is not investment advice.
A second macro thread from the same day comes from Decrypt: nearly every major bank expects a Fed rate hike for the first time in three years. The market has largely priced in that scenario, but the political fallout may run deeper than the rate move itself. For crypto, which just took a regulatory hit in the Senate, a hawkish Fed is extra risk context, not a separate, detached story.
Bitcoin: $75,531, the network still running, mixed technicals
Bitcoin trades at $75,531 with a market cap of $1.52T and rank 1. The 24h decline is 4.13%, the weekly drop 3.20%. Volume of $39.27B shows the session is not thin. The historical high in the data is $126,080, so the current price remains well below the peak. Circulating supply is 20,084,928 BTC against a maximum supply of 21,000,000.
The on-chain picture from the CryptoPulsar market cycle does not look like network panic. More than 1.22 million transactions were processed in 24h, which means real demand for settlement, not only speculative exchange trading. The BTC score is 31.4/50. Short-term technicals are split: RSI around 41 is neutral, MACD flashes a bullish signal, but the EMA 9/21 cross remains bearish.
If high transaction activity holds, selling pressure may ease. A further drop, with mixed moving averages, could nonetheless deepen the correction. A funding rate of 0.0027% does not point to overheated leveraged positions. This is a scenario, not a certainty, and does not constitute investment advice.
CryptoPulsar market cycle data portray Bitcoin as a network still in heavy use (over 1.22 million transactions per day) at $75,531 and a 4.13% decline. A bullish MACD collides with a bearish EMA 9/21 setup and RSI near 41. An index of 69 (greed) during a sell-off in the largest coins is a caution signal, not confirmation of a bottom. The analysis describes market conditions and does not recommend trades.
CoinTelegraph and Crypto Briefing cite a BIS paper: estimates of Bitcoin on-chain transfers can differ by as much as six times depending on methodology. That is important context today, when transaction count is used as an argument that "the network is alive." On-chain metrics require careful interpretation.