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Bitcoin dips below $80K as crypto markets await U.S. Senate Clarity Act vote, Dogecoin rallies.

Market News
13 May 2026
Benzinga
View Source
Bearish
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Bitcoin fell below $80,000 amid cautious crypto markets ahead of the U.S. Senate Banking Committee's markup meeting on the Clarity Act. Significant outflows were seen from spot Bitcoin and Ethereum ETFs, with over 120,000 traders liquidated recently. Analysts warn Bitcoin could drop further toward $60,000 but note strong long-term support in the $50,000–$60,000 range. The market is closely watching if Bitcoin can hold key support levels to avoid accelerating sell-offs. Meanwhile, Dogecoin continues its rally despite the broader market caution.

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