Bitcoin Retreats 3% From $79,530 High as Senate Prepares Crypto Structure Vote

Bitcoin pulled back approximately 3% after briefly approaching $80,000, having touched a high of $79,530 overnight. The decline came as the U.S. Senate prepared to hold a procedural vote on the Clarity Act, a crypto market structure bill, on Tuesday. Most major cryptocurrencies followed Bitcoin lower, with XRP and Zcash being the only notable exceptions posting gains. The Senate vote represents a significant legislative moment for the crypto industry, as the Clarity Act aims to establish a clearer regulatory framework for digital asset markets.