• Grayscale said Bitcoin could fall further if the CLARITY Act stalls, the Federal Reserve raises interest rates and digital asset treasuries continue deleveraging.
• The asset manager said Bitcoin has already dropped below US$60,000 but does not expect an 80% bear market decline because of stronger institutional demand.
• Grayscale said easing policy uncertainty, stable corporate treasury positions and unchanged interest rates could help Bitcoin approach a market bottom.

Grayscale said Bitcoin (CRYPTO:BTC) could decline further from below US$60,000 if the CLARITY Act fails to pass this year, the Federal Reserve raises interest rates and digital asset treasury companies continue reducing leverage.

The warning follows a broad cryptocurrency market…