Bitcoin Fall 4% After House Reject Trump Crypto Bills
US House vote na 196-223, wit 13 Republicans waka join Democrats, block debate on three Trump-backed crypto bills: di GENIUS Act for stablecoin rules, di CLARITY Act weh define SEC vs CFTC oversight, an ban on Fed digital dollar. Bitcoin comot 4% go near $115,000, while Ethereum, XRP an Solana fall 1-2%. On-chain data show $3.5 billion take profit, mo than half come from long-term holders. Crypto stocks like COIN, RIOT an MARA also drop. Former President Trump pressure GOP dissenters for social media, an House Majority Leader Steve Scalise plan to bring back di bills later. Regulatory deadlock dey cause more uncertainty an increase short-term volatility. Traders make dem watch new votes, ETF flows an adjust position well well.
Bearish
Blocking key crypto bills don scatter traders and increase regulatory wahala. Bitcoin drop 4% after House vote show say immediate bearish pressure dey and profit-taking dey go on. Short term, volatility go still high as market dey wait make dem do rejabate, ETF inflows and clearer rules. Long term, e remain uncertain until Congress move any crypto framework wey fit block bullish momentum.