Web3 Buzz
Photo
click to show
click to show
Sentiment: Yesterday, the Senate blocked the CLARITY bill. News feeds report that this is what crashed the market.
$BTC had been declining for twelve days prior to the vote.
📉 The price peak occurred on September 3; by the time trading closed before the vote, the price had dropped by approximately 5%.
🗳 The voting period itself accounted for an additional 1.7% decline.
📊 Thus, the vote accounted for less than a quarter of the total 7% decline.
🔀 The weighted sentiment indicator reached a 30-day high on September 14 — one day before the vote.
📈 Social media mention volume reached a 14-day high on September 15. At the time of the bill's failure, sentiment remained positive.
We cannot precisely determine what triggered the decline during the remaining twelve days. An FOMC decision is expected today.
1 · 1.4K ·