Bitcoin Slides as Oil Prices, Rising Rates, and Regulatory Uncertainty Weigh on Crypto

Bitcoin and broader crypto markets declined as a combination of geopolitical risks, rising oil prices, and climbing interest rates dampened investor sentiment. Regulatory headwinds added further pressure, with the odds of the Clarity Act passing dropping sharply to 38%. Key Democratic lawmakers are pushing back on the proposed market structure bill, demanding stronger investor safeguards before lending their support. The legislative uncertainty has unsettled crypto markets that had been anticipating clearer regulatory frameworks. The confluence of macroeconomic and political pressures signals a challenging near-term environment for digital assets.