Bitcoin slips to $77,800 as Senate Clarity Act vote nears and oil prices climb

Bitcoin BTC$77,830.18 is reversing Monday’s rally as last-minute Senate wrangling over crypto market-structure legislation coincides with a renewed rise in oil prices during Tuesday’s Asian trading session.

The leading cryptocurrency by market value has pulled back to trade near $77,800, having hit a highs above $79,000 on Monday, according to data source CoinDesk. Other majors, such as $XRP ($XRP), ether ETH$2,504.62, and solana (SOL) are seeing similar trends. Payments-focused $XRP has pulled back to $1.42 from the high of $1.49, but still appeared on track to form a bullish golden crossover.

The retreat followed reports that Democrats were still seeking additional changes to the Digital Asset Market Clarity Act, despite President Trump’s reported agreement to revised ethics language in a Senate draft that Republicans circulated over the weekend and described as a final compromise.

“The Democrats want more,” Sen. Cynthia Lummis, the Wyoming Republican who’s been the bill’s most visible champion said. “They always want more. If we waited another month, they would want more.”“There’s no end to it,” Lummis said.