On Wednesday, Bitcoin's price fell to $79,611, reflecting a cautious sentiment in the cryptocurrency markets as investors await the U.S. Senate Banking Committee's markup meeting on the Clarity Act. This legislation is crucial for the future regulatory framework of cryptocurrencies. In contrast, Dogecoin continues to extend its rally, showcasing resilience amid market uncertainties. Recent data from Coinglass indicates that 120,108 traders were liquidated in the past 24 hours, resulting in losses of approximately $374.66 million. Additionally, there were notable net outflows of $233.3 million from Bitcoin ETFs and $130.6 million from Ethereum ETFs on Tuesday, highlighting the ongoing volatility in the crypto sector. Analysts are now focusing on Bitcoin's support levels, with trader insights suggesting that a confirmed breakdown below critical support could shift market dynamics towards bearish trends.