Bitcoin fell below $76,000 and reached $75,560 as market odds of the CLARITY Act becoming law this year dropped to 16%.

Bitcoin dropped below $76,000 and reached $75,560, down 2.6% over the past 24 hours.

Market odds for the CLARITY Act weaken

Polymarket odds of the CLARITY Act becoming law this year fell to 16%.

What the proposal would mean for crypto taxation

Mining and staking rewards would remain taxable when received or brought under the recipient’s control.

Earlier price levels in the move

Bitcoin was previously reported trading at $76,000 and later at $76,350.