Bitcoin Falls as Investors Monitor U.S. Crypto Bill — Market Talk

Bitcoin edges lower in Asian trading. The cryptocurrency continues to trade in the $58,000-$66,000 range as markets await progress on the potential passage of the U.S. Clarity Act, which would create a regulatory framework for digital assets, says Pratik Kala, crypto portfolio manager at Apollo. Despite support for the passage of the bill, industry participants are placing a 30% probability that it will pass last minute, Kala says. Bitcoin's performance has been relatively stable compared to AI-related stocks, which are nearing correction territory, Kala adds. Bitcoin is last down 0.1% at $63,808.53. ([email protected])