Bitcoin price today July 28: Slight drop to 29,200

The capitalization of bitcoin today dropped to $568 billion, representing 48.2% of the cryptocurrency market. The total market capitalization recorded at 7 am was 1.178 billion USD, down 7 billion USD compared to 24 hours ago. At the same time, the 24-hour trading volume in the market decreased by about 16.53% compared to July 27, to $ 26.07 billion.

According to Reuters, the top Republicans and Democrats on the US House Financial Services Committee on July 27 failed to reach an agreement on a bill to establish a federal regulatory framework for stablecoins. stablecoin) - asset class pegged to traditional currencies, such as USD.

This bill would require the US Federal Reserve (Fed) to draw up rules for the issuance of stablecoins, while the regulators retain their authority. Previously, the bill was amended to address concerns from some Democrats that stablecoin issuers could evade scrutiny.

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Patrick McHenry, the chairman of the Financial Services Commission, a Republican, was unable to reach an agreement with Maxine Waters, the Democrat. Mr. McHenry said: "48 hours ago we had high expectations that the two sides would come to an outcome. However, after that, the White House reviewed and both sides failed to reach consensus. favorable".

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The deadlock comes just a day after the Commission passed a bipartisan bill to develop a regulatory framework for cryptocurrencies and clarify the concept of when a token is a security or a commodity.