"If you don't like the price of Bitcoin, wait five minutes, and it will change. The major cryptocurrency's volatility has been on full display to start the year, this time dipping about 7% since last week to its current price of just under $90,000 as of mid-day Tuesday. Other cryptocurrencies have also slid. Ethereum is down 11% in the last six days to its current price of about $3,000, and Solana is down about 14% during that time to its price of about $127."
"Coinbase CEO Brian Armstrong objected to the Clarity Act primarily on grounds that crypto owners would not be able to earn yield from stablecoins. The new uncertainty over the bill, which many assumed was on a smooth path towards a Presidential signature, has shaken the price not just of crypto assets but also the share price of companies exposed to digital assets."
Bitcoin experienced pronounced volatility, falling about 7% to just under $90,000. Ethereum dropped roughly 11% to about $3,000, and Solana declined about 14% to near $127. The pullback followed President Donald Trump's threats to impose tariffs on European nations amid his push to acquire Greenland, which pressured risk assets. Crypto markets faced another headwind when the Clarity Act stalled after Coinbase unexpectedly withdrew support. Coinbase objected largely because the bill would prevent crypto holders from earning yield on stablecoins. The uncertainty weighed on crypto prices and related equities while pushing gold higher.
Read at Fortune
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