Bitcoin hits 16-month low, falls below $64,000. Stifel predicts drop to $38,000. Clarity Act discussions encounter obstacles.
Bitcoin's price has dropped significantly, now sitting below $64,000 and at levels last seen in October 2024. Financial firm Stifel is anticipating a possible further decline in value. In more news, discussions surrounding the Clarity Act are encountering an obstacle related to ethics. This downward trend in Bitcoin culminated in hitting a 16-month low, with Stifel suggesting a potential drop to $38,000. The progress of the Clarity Act talks has been hindered by this development.
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