India, Sept. 16 -- Crypto market sentiment remains firmly tethered to the regulatory setback suffered with the Clarity Act failing the Senate vote on Tuesday. The decline in crude oil prices and the easing in bond yields that supported sentiment in major financial markets on Wednesday failed to lift the mood in cryptocurrency market. Massive outflows from U.S.-listed Bitcoin Spot ETF products also weighed on sentiment. Amidst an anxious wait to the FOMC decision due to be announced on Wednesday afternoon, overall cryptocurrency currency market capitalization has declined more than 1.5 percent in the past 24 hours.
The Digital Asset Market Clarity Act failed to survive the Senate vote on Tuesday amidst persisting differences over the ethics...