The cryptocurrency market has taken a hit following the US Senate’s decision not to pass the highly anticipated CLARITY Act, according to CoinGecko data. Bitcoin (BTC) fell 2.1% in the last 24 hours, and has dropped 4.1% over the past week. Over a 14-day period, BTC recorded the same 2.1% decline, marking a cooling period after its recent rally. Despite the latest downturn, the world’s largest cryptocurrency remains up 19.5% over the last month.