Bitcoin fell below $78,000 over the weekend, erasing about $80 billion in market value amid rising US Treasury yields and weakening ETF demand. The decline triggered nearly $980 million in liquidations across crypto derivatives markets.
The selloff came shortly after the CLARITY Act advanced toward a Senate floor vote. Instead of boosting prices, the regulatory news coincided with a drop of roughly $4,100 in Bitcoin's value, according to CryptoQuant data. Market experts noted that excessive leverage left the cryptocurrency vulnerable to the move lower.
