BTC dropped 1,800 points exactly when the US market opened today. Here's what I think happened.

The Clarity Act cleared the Senate Banking Committee with a 15-9 bipartisan vote, causing BTC to react immediately and shoot up to 81.9k, but it then dropped 1,800 points when the US market opened. The drop was triggered by the US market open, with institutions selling into the strength. The regulatory news gave a reason to buy, but the macro backdrop is still rough.