Originally, there was already selling pressure from ancient giant whales on $BTC today, which made some investors worried about a potential crash and choose to exit early. In the early morning, there was also the news that the stablecoin bill and other cryptocurrency bills were rejected by the House of Representatives. Especially since Trump and the Republicans had previously vowed to call this week Cryptocurrency Week, but the outcome was quite the opposite. Essentially, it was the internal division and absence within the Republican Party that led to the bill's failure.

Trump is very angry, while the Democrats voted unanimously against it. It is still unknown whether there will be a chance to restart the voting during Cryptocurrency Week. If there is truly no opportunity to restart, this Cryptocurrency Week will have become a joke.