Bitcoin declined 1.7% since midnight UTC to $76,862, giving back the late-Monday advance, according to CoinDesk. The move came as prediction-market odds on Polymarket for the Clarity Act becoming law this year fell by half overnight. The legislation’s changing probability was the key development cited alongside the cryptocurrency’s pullback. Bitcoin had rallied late Monday before reversing those gains in the latest session. The Clarity Act is the focus of the market-based expectation tracked by Polymarket, while no further details on the bill or the reason for the shift in odds were provided. The decline places Bitcoin below its level at the start of the UTC day, with the asset’s price movement occurring as traders reassessed the likelihood assigned to the legislation’s passage before year-end.
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CoinDesk
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