Bitcoin Fell Below $96,000

No Progress on Cryptocurrency Bill in the American Congress

Bitcoin, a major cryptocurrency, has recently fallen below $96,000, drawing the attention of investors. This drop is attributed to American lawmakers' failure to timely approve the previously anticipated cryptocurrency regulation bill.

The stall in Congress has led to uncertainty in the cryptocurrency markets, increasing investors' concerns. Analysts indicate that this development has adversely affected the overall performance of cryptocurrencies. Investors continue to proceed with caution due to the impact of regulatory uncertainties.

Meanwhile, similar declines have been observed in other cryptocurrencies, with assets like Ethereum also showing weak performance. Experts note that the cryptocurrency markets have become more sensitive to these regulatory developments.