SBI CEO Predicts Crypto Market Rebound on CLARITY Act

The crypto market has experienced a significant downturn in recent days, with prices plummeting across various cryptocurrencies.

According to Yoshitaka Kitao, CEO of SBI Holdings, the main contributor to this decline is the outflow of institutional capital from crypto into fiat ahead of major tech giant IPOs.

This technical situation has led to a decrease in demand for digital assets, causing prices to drop. However, Kitao believes that the scheduled US CLARITY Act vote will provide a catalyst for a market rebound.