Bitcoin dropped 1.4% to $79,807.3, breaking the $80,000 support level amid rising U.S. rate anxiety.
The Senate Banking Committee will hold a markup hearing on the Clarity Act Thursday, targeting passive stable‑coin interest bans.
Strong April consumer and producer inflation prints fuel expectations of unchanged or higher Fed rates, pressuring speculative crypto assets.
Altcoins mirrored Bitcoin’s decline, with Ether down 1.6% to $2,265.84 and XRP down 2% to $1.4327.