BTC slumps to $62K following an interest rate freeze and CLARITY Act stalls, dragging crypto market cap down to $2.22T.

BTC plunged near $62K to close out July as $360M in liquidations hit the market and Senate stalls on the CLARITY Act dampen crypto sentiment.

Bitcoin fell below $63,000, its lowest in two weeks, as sentiment weakened. Coinbase earnings and fading optimism about U.S. crypto legislation impacted market sentiment. Major…