Bitcoin dipped back below 79,000 USD, while Ethereum slid close to 2,221 USD. Over 120,000 traders were liquidated across the market in just 24 hours. The reason behind this pullback is pretty straightforward. Market expectations for a Fed rate cut have cooled off again, putting risk assets under uniform pressure. A lot of capital had already priced in a "looser" environment, but now that rate cuts might be delayed again, high-leverage funds are pulling back fast. Short-term momentum is clearly weak, but on the regulatory side, there's some real progress worth noting. The U.S. Senate Banking Committee just passed the "Clarity Act," meaning the regulatory framework for crypto is finally taking shape. The CFTC could become the primary watchdog going forward. What markets fear most isn't regulation, it's long-term uncertainty. And that fog is starting to lift. In the near term, sentiment remains cautious. Keep an eye on the 76,000 USD support level. If it breaks, we could see wider volatility ahead. But zooming out, clearer regulation means crypto is slowly stepping into the mainstream. That's a structural shift, not just a price move.