As of early evening on July 23, Bitcoin (CRYPTO:BTC) fell 1.56% to $65,047.34, Ethereum (CRYPTO:ETH) fell 2.57% to $1,883.70, and Solana (CRYPTO:SOL) fell 2.43% to $76.01. The crypto market cap fell 1.2% to $2.30 trillion as macro and policy headlines weighed on prices.

What’s driving crypto markets

Bitcoin’s slide tracked a broader market pullback as investors grew wary of risky assets — oil prices rose, Treasury yields climbed, and inflation concerns returned to the fore. Added to which, the window to pass the Clarity Act is narrowing, and there’s less confidence legislators will move forward in August. If passed, the legislation would give a clear framework on how digital assets get handled in the U.S.,…