Crypto Volume Drops 80% as Fed Hawkishness and CLARITY Act Delays Persist

Trading volume fell 80% from peak while Bitcoin holds $62k-$66k range. Fed hawkish stance and low CLARITY Act passage odds weigh on market sentiment.

Woofun AI reports that cryptocurrency trading volume has declined by 80% from its peak, with total market capitalization dropping by 50%. BIT Official notes that sustained recovery remains unlikely without volume improvement, despite Bitcoin maintaining a range between $62,000 and $66,000.

The analysis highlights Federal Reserve Chairman Kevin Walsh's "say less, do less" strategy and hawkish posture as key market disruptors.

Meanwhile, predictive data indicates only a 32% probability of the CLARITY Act passing by late 2026, with Senate Majority Leader John Thune prioritizing other legislative items ahead of the August recess.