Bitcoin's price has fallen by 0.7% to $65,877 as it faces pressure from rising oil prices and interest rates. The cryptocurrency market is also dealing with geopolitical risks and regulatory challenges.
The Clarity Act, which aims to provide clearer regulations for the crypto market, has seen its odds of passing drop to 38%. This regulatory uncertainty is contributing to the market's current instability.
Despite some progress with the Clarity Act, it has not been enough to counteract the macroeconomic pressures affecting Bitcoin and other cryptocurrencies.
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