Bitcoin's price has retreated to $77,800 after reaching a high of $79,000, according to CoinDesk's Bitcoin Price Index.
Source
"Bitcoin Price Slips as Senate Vote Nears" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The market is experiencing volatility ahead of the Senate's expected vote on the Clarity Act, a bill aimed at clarifying cryptocurrency regulations.
The rising oil prices are also contributing to the market's uncertainty, as they often have a correlation with cryptocurrency prices.
BTC · 7D · $82,859+1.6%