• Bitcoin fell $6,000 since the CLARITY Act vote, wiping $126 billion in a sell-the-news event.

• Trump paused a planned Iran strike after Gulf leaders urged more time for negotiations.

• US CPI inflation is tracking toward 5.2% by November midterms the highest since early 2023.

Bitcoin has dropped $6,000 since the CLARITY Act advanced to the full Senate, wiping $126 billion from its market cap in what analysts are calling a textbook sell-the-news event. Ethereum fell more than 10%, erasing $30 billion. 

The total crypto market cap is down $190 billion in five days. Bitcoin ETFs recorded $700 million in net outflows over three days. And two macro forces are making recovery difficult. A US-Iran standoff that refuses to resolve and inflation data pointing toward 5% by year-end.

The Iran Standoff Is Going Nowhere

Trump called off a planned military strike on Iran afte…

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