Bitwise Top 10 Crypto Index Falls 3% as Bitcoin and Ethereum Decline

Charles Schwab said in its Weekly Trader Market Outlook that the Bitwise Top 10 Large Crypto Index had fallen 3% since last Friday as of press time. According to Odaily, Bitcoin was down 3% over the same period and Ethereum fell 2%, while Bitcoin continued to show low correlation with other assets and this week’s CPI and PPI releases had limited effect on its price.Last week, the U.S. Senate entered its summer recess and did not vote on the CLARITY Act. The bill’s final debate vote is scheduled for September 14, but its chances of passing before the midterm elections remain low.