Bitcoin Drops Below $64,700 as Senate CLARITY Act Negotiations Lose Momentum; Oil Breaks Above $101

Bitcoin slipped below 64,700 as U.S. Senate CLARITY Act negotiations stalled, extending regulatory uncertainty and dampening risk appetite in crypto. Concurrently, oil above 101 tightens financial conditions by reinforcing inflation and rate sensitivity, pressuring speculative assets. Near-term market focus is likely to shift toward policy headlines and cross-asset risk sentiment, with volatility elevated around macro and regulatory catalysts.