Bitcoin sheds 2% as KOSPI plunges 10.8% and Senate postpones CLARITY Act with August recess looming

Bitcoin fell about 2% during the U.S. session and was down 0.53% since midnight UTC, pressured by two factors: South Korean chipmaking stocks tumbled, dragging the Kospi down 11% in one of its worst single-day declines in years, and the U.S. Senate shelved the Crypto Clarity Act to prioritize a Russia sanctions bill and nominations ahead of the Aug. 8 recess, leaving the bill's fate this year uncertain. Ether dropped 0.56% to $1,880 after failing to break $2,000. Nasdaq 100 futures fell 0.70%, gold 0.93% and silver 1.50%. The Fed's Wednesday rate decision also looms.

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