Leading cryptocurrencies dipped on Thursday after a key cryptocurrency bill stalled in the Senate following opposition from industry giants.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.29% | $95,485.03 |
| Ethereum (CRYPTO: ETH) |
-0.82% | $3,306.90 |
| XRP (CRYPTO: XRP) | -2.66% | $2.07 |
| Solana (CRYPTO: SOL) | -2.75% | $142.06 |
| Dogecoin (CRYPTO: DOGE) | -4.23% | $0.1397 |
Crypto Market Cracks
Bitcoin retreated after lifting to a 2-month high of $97,000, with trading volume dropping 13% over the last 24 hours.
Ethereum continued to stagnate in the $3,300 region, while XRP and Dogecoin slipped 2.66% and 4.23%, respectively.
The sell-offs came after the Senate Banking Committee postponed markup on the cryptocurrency market structure bill after opposition from the industry.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down 4.70% and 6.48%, respectively
Over $320 million was liquidated from the cryptocurrency …