Crypto News, July 28: CLARITY Act Shelved, Bitcoin Drops in Asian Market Rout

Bitcoin prices have tumbled following a significant market rout across Asia, specifically coinciding with a drop in South Korean stocks. This downward trend occurred as the US Senate decided to shelf the crypto CLARITY Act. The combination of the legislative stall in Congress and the volatility within Asian financial markets has led to a decrease in Bitcoin's value, raising questions about whether the market is facing a deeper correction or a temporary shakeout.