Crypto markets weaken after US Senate stalls CLARITY Act

Cryptocurrency markets declined after the US Senate failed to advance the CLARITY Act, a regulatory measure for the sector. Bitcoin fell around 3-4%, while equities linked to crypto assets experienced steeper drops.

The regulatory setback pressured sentiment, though analysts noted the decline occurred within a wider risk-off environment. Elevated bond yields, rising oil prices and macroeconomic uncertainty also contributed to market weakness across asset classes.