Global Stock News

Ethereum Leads Losses Among Crypto Majors After Report Raises Fresh Doubts Over CLARITY Act

Ethereum Leads Losses Among Crypto Majors After Report Raises Fresh Doubts Over CLARITY Act

  • BMNR and MSTR stocks also traded lower, with crypto-linked equities dragged lower by the sell-off in the overall cryptocurrency market. 

  • Bitcoin’s price struggled to hold above $63,000, while Ethereum led losses among major cryptocurrencies. 

  • Nearly $400 million in crypto positions were liquidated over the past 24 hours, with long traders accounting for most losses.

Ethereum (ETH) led losses among major cryptocurrencies on Friday morning after a Politico report said the Digital Asset Market Clarity Act (CLARITY) may lack Democratic support, making passage more difficult. 

The market was also weighed down by the sell-off in AI stocks and ongoing geopolitical tensions stemming from the…

Source link

Share this article

Scroll to Top