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Bitcoin falls sharply amid a double shock from the United States

Bitcoin and the wider cryptocurrency market have fallen sharply following what is described as a double shock from the United States. The triggers and scale of the decline remain unspecified.

By DoomRadar · Published on DoomRadar .

Why it matters

A severe crypto selloff can affect investors and broader market risk sentiment, though the wider impact is unclear.

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U.S. Senate fails to advance Clarity Act as Bitcoin falls below $75,000

The U.S. Senate failed to advance the Clarity Act, a setback for the cryptocurrency industry. Coverage links the legislative failure with a decline in Bitcoin, which fell below $75,000, while other reporting cites $570 million in liquidations and investor transfers of Bitcoin to exchanges at a loss.

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