US Senate

Crypto markets pulled back after the CLARITY Act failed to advance in the US Senate, though selling pressure stopped short of a broader capitulation. Bitcoin formed a short-term downtrend while Zcash continued to outperform major traded tokens.

Ethereum is showing signs of weakening against Bitcoin as traders track a potential double-top breakdown on the ETH/BTC chart. Regulatory uncertainty following the CLARITY Act setback and elevated Binance inflows are adding pressure to the pair.