Crypto Chill: Sentiment Drops As US Lawmakers Stir Market Fears
The market mood in crypto The index’s peak earlier in the week was the highest since it reached 64 on October 10, the same day a market crash triggered over $19 billion in liquidations. Those past losses still hang in investors’ memories. Reports have disclosed that smart money accumulation can support prices, but headlines shape short-term moods. Bitcoin was trading at about $95,642 at the time of publication, down around 0.02% over the past 24 hours, according to CoinGecko. That small move shows market resilience, yet the sentiment measure’s drop demonstrates how fragile confidence can be when policy doubts emerge. Many traders watch Washington closely, sometimes even more closely than charts.Smart Money Buys While Retail Sells
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Delay Seen As Chance By Some Industry Players
A segment of the industry read the postponements as constructive.
David Sacks, who advises on crypto matters at the White House, said the pause could help close gaps between stakeholders and bring the bill closer to something workable.
Brad Garlinghouse, CEO of Ripple, kept engaging with lawmakers and described the delay as an opening to improve the text.
Those views contrast with more alarmed voices and help explain the mixed market reaction.
Featured image from The Drive, chart from TradingView
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