Bitcoin Pulls Back After Senate Delays Key Crypto Bill
Bitcoin witnessed a sharp pullback after rallying near record highs, as sentiment weakened following the U.S. Senate’s decision to delay a crucial crypto regulatory bill. The postponement has revived concerns over prolonged regulatory uncertainty, particularly around stablecoins, crypto exchanges, and institutional participation. Investors reacted cautiously, booking profits amid fears that delayed legislation could slow mainstream adoption and limit capital inflows. The broader crypto market also turned volatile, with major altcoins tracking Bitcoin’s decline. Analysts note that while long-term fundamentals for Bitcoin remain strong — driven by institutional interest and limited supply — short-term price action is likely to stay sensitive to political developments in Washington. The episode underscores how regulatory clarity has become a decisive driver of crypto market momentum, influencing both retail confidence and large institutional strategies.
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