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Crypto Stocks Fall as Bitcoin Drops Ahead of Clarity Act Vote and Fed Decision

Crypto Stocks Fall as Bitcoin Drops Ahead of Clarity Act Vote and Fed Decision

Shares of cryptocurrency and blockchain-related companies fell in premarket trading on Tuesday as Bitcoin declined ahead of a congressional vote on the Clarity Act and the Federal Reserve’s monetary policy decision on Wednesday.

Bitcoin (COIN:BTCUSD) fell 2.9% to $76,833.83, while Ether (COIN:ETHUSD) declined 3.8% to $2,471.74.

The Clarity Act is intended to establish a regulatory framework for cryptocurrencies. The legislation had previously stalled amid concerns over provisions relating to ethics and safeguards against illicit finance.

Coinbase Shares Fall 4.7%

Coinbase Global (NASDAQ:COIN) shares declined 4.7% in premarket trading.

The cryptocurrency exchange’s shares moved…

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