US Senate Committee Passes Clarity Act, Boosting Cryptocurrency Market

The US cryptocurrency market has seen a significant upswing after the Senate Committee passed the Clarity Act through a bipartisan vote.

BTC (Bitcoin) rose by 2.46% to reach $81,561.50, while Ethereum (ETH) increased by 1.18% to trade at $2,293.12. XRP also gained 4.49%, reaching $1.49, and Solana (SOL) and Dogecoin (DOGE) posted gains of 1.33% and 2.10% respectively.

The market movement resulted in over $250 million in liquidations within 24 hours, mainly affecting short positions. The top gainers among tokens with a market capitalization exceeding $100 million were Tac Protocol, Yooldo, and Billions Network.