Cryptocurrency stocks and major digital assets declined in premarket trading as investors braced for a pivotal congressional vote on the Clarity Act and an upcoming Federal Reserve decision.
Key Points
- Bitcoin dropped 2.9% to $76,833.83, while Ether fell 3.8% to $2,471.74 during Tuesday's premarket session.
- Coinbase Global shares decreased by 4.7% amid the broader market downturn for digital asset-related companies.
- Mining firms including Riot Platforms, MARA Holdings, Hut 8, and Bit Digital saw share prices slide between 1.6% and 2.2%.
- The Clarity Act aims to establish a formal regulatory framework for the cryptocurrency industry after previously stalling in Congress.