Bitcoin rally hits pause as Clarity Act odds slide

[The New Gold. Bitcoin Concept] BlackJack3D The odds of the Clarity Act being passed this year, which had risen above 30% on Polymarket during US trading hours, dropped back to 18% early Tuesday in Asia. That saw Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) — which accounts for around 60% of the market value of all cryptocurrencies — retreat from as high as $79,586 to below $78,000, and was last trading at $77,578.33. A rally [https://seekingalpha.com/news/4642484-crypto-stocks-up-as-final-draft-of-republicans-clarity-act-text-said-to-address-ethics-restrictions]in crypto markets has stalled as optimism wanes that a key US regulatory bill will progress this week.