Bitcoin Slips Below Eighty Thousand, Fed Report Shows Consumer Strain, Senate Weighs Crypto Bill

Bitcoin drops below 80,000 dollars as leveraged longs unwind and spot ETFs see 635 million dollars in outflows. Meanwhile, the Federal Reserve's household well-being report signals consumer financial stress, U.S. inflation hits its highest level since 2022, and the Senate Banking Committee prepares to vote on the CLARITY Act. Plus, institutional money pours into tokenized assets as Fidelity and BlackRock receive top ratings, and crude oil pressures markets amid Middle East tensions.