$BTC just dropped from nearly 65,000 down to 63,200 a clean 2.7% move that dragged the rest of the market lower with it. ETH, XRP, SOL and the others are all feeling the pressure after what looked like a bit of resilience earlier in the day. The selloff picked up once NVDA shares took a hit on Wall Street.
On the regulatory side, the Senate has put the CLARITY Act on the back burner to focus on a Russia sanctions bill. That makes a vote on the crypto legislation pretty unlikely before next week, leaving only a few days before the August 8 recess.
