[Market Status] US Virtual Asset Bill Stalls...Bitcoin Falls Below $118,000 [Market Status] US Virtual Asset Bill Stalls...Bitcoin Falls Below $118,000 [Market Status] US Virtual Asset Bill Stalls...Bitcoin Falls Below $118,000 [Market Status] US Virtual Asset Bill Stalls...Bitcoin Falls Below $118,000

Bloomingbit Newsroom

Summary

With the passage of the United States' virtual asset bill facing obstacles, it was reported that Bitcoin is trading at $117,826.92, down 0.63% from an hour ago.
It was stated that key virtual assets such as Ethereum, XRP, and Solana are also showing declines of 1.13%, 0.99%, and 1.6% respectively.
The increase of one more Republican lawmaker opposing the virtual asset bill in the US House of Representatives is being cited as a reason for the decline.

With the passage of the United States' virtual asset (cryptocurrency) bill encountering a roadblock, Bitcoin (BTC) is showing a downward trend.

As of 10:48 a.m. (local time) on the 17th, according to CoinMarketCap, Bitcoin is trading at $117,826.92, down 0.63% from an hour ago.

Ethereum is also trading at $3,318.72, down 1.13% in the past hour, while XRP has dropped 0.99% to $3.01. Solana is down 1.6% from an hour ago, now at $170.90.

This downward trend is interpreted as a result of the warning signal for the passage of the United States virtual asset bill. According to Eleanor Terrett, host of Crypto in America, one more Republican lawmaker in the US House of Representatives has come out against the virtual asset bill, bringing the total to 10.