Crypto market on edge as White House threatens to withdraw CLARITY Act support
The crypto market remained on edge on Saturday, with Bitcoin and most altcoins being in the red as the White House threatened to withdraw its support of the CLARITY Act.
Summary
- The crypto market remained on edge on Saturday.
- The White House has warned that it may withdraw its support for the bill.
- Still, most people believe that the bill will pass eventually.
Crypto market retreats amid CLARITY Act risks
Bitcoin (BTC) retreated to $3,293, while Ethereum (ETH) moved to $3,285. The market capitalization of all coins dropped to $3.2 trillion, while the 24-hour volume slumped by 25% to $90 billion.
This decline happened as the White House threatened to pull its…
