Injective fell 10.2% in 24 hours, dropping from $6.28 to around $5.63 after the CLARITY Act bill failed to pass in the US Senate, triggering a broad sell-off across the crypto market. The overall crypto market saw $637 million in liquidations over 24 hours, with $525.3 million of those being long positions. This correction brought INJ price back to a key demand zone around $5.26, a level considered critical for buyers. Bitcoin also retraced after failing to break through the $82k resistance zone, suggesting further downside could be ahead for the broader market.
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