↑ BTCUSD +1.59% DXY -0.22%

Bitcoin reached a roughly six-month high above $80,000 in the first half of May, with some help coming from a vote by the Senate Banking Committee to advance the Clarity Act, a bill aiming to establish a clearer regulatory framework for cryptocurrencies.

The original crypto ↑ BTCUSD +1.59% is now trading around the $64,000 mark, with the full Senate not doing all that much to provide a lift. The chamber could be on track to fall short of passing the Clarity Act before senators begin a five-week break.