CLARITY Act hinges on bipartisan support, and here are the numbers: Analyst

💡 DMK Insight

The potential failure of the crypto market structure bill next week could trigger significant volatility in crypto assets. If this legislation doesn’t pass, it could lead to increased uncertainty among investors, especially as we approach the end of the year. Traders should be aware that regulatory clarity is crucial for institutional participation, and without it, we might see a retreat from riskier assets. Watch for key price levels in major cryptocurrencies; if Bitcoin breaks below its recent support, it could signal a broader sell-off. Conversely, if the bill passes, expect a bullish sentiment to drive prices higher, particularly in altcoins that have been lagging. Keep an eye on market sentiment indicators and trading volumes as we approach the vote, as they could provide insights into how traders are positioning themselves ahead of this critical decision.