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Bitcoin just dropped 6,000 dollars since the Senate voted on the Crypto Clarity Bill. Classic sell-the-news event playing out in real time. BTC lost 126 billion in market cap, triggering a wave of panic selling across the board.
Ethereum took an even harder hit, down over 10 percent, wiping out 30 billion dollars from its market cap.
BTC ETFs are feeling the pressure too, with 360 million dollars in net outflows over the past 3 days.
In total, the crypto market has shed 190 billion dollars in just 5 days.
This is a textbook example of how sentiment shifts when regulatory news gets priced in. Not financial advice, just market mechanics at work. Stay sharp out there.
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