Bitcoin Price Reverses After Clarity Act Hopes Dim

Bitcoin price retreated below $77,000 after failing to sustain a spike toward $80,000. The volatility was driven by shifting sentiment regarding the US Senate's vote on the Republican Crypto Clarity Act. Polymarket odds for the bill's passage dropped from over 30% to 18% after Democrats rejected the proposal, signaling continued regulatory uncertainty. Analysts note that Bitcoin's current price action is heavily influenced by legislative headlines rather than organic market demand.