Bitcoin drops as South Korean stocks tumble, Senate shelves crypto Clarity Act

CryptoInfo Editorial Team · Published on July 28, 2026 at 11:09 · Updated on July 28, 2026 · 1 min read

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Bitcoin price has dropped by 2% according to CoinDesk reporting, as South Korea's Kospi index experienced a significant decline of 11%.

The US Senate has also shelved the crypto Clarity Act, which was intended to provide regulatory clarity for the cryptocurrency market.

This development comes ahead of a pivotal Federal Reserve decision on Wednesday, which is expected to have a significant impact on the market.

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