Bitcoin fluctuates amid rising oil prices and negative sentiment

Bitcoin prices fluctuated between gains and losses, closing with a modest increase of 0.3%, reaching approximately $63,968. This came amid declining sentiment toward high-risk assets due to the surge in oil prices, which jumped following the collapse of the ceasefire between the United States and Iran. Additionally, concerns over rising inflation and expectations of interest rate hikes contributed to the cautious mood, despite the Federal Reserve's decision to keep rates steady at 3.50% to 3.75% for the fifth consecutive time.

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