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Bitcoin remains stable near five-week high
Bitcoin prices settled near their highest levels in five weeks, holding steady at around $65,858 after recovering from previous losses, thanks to renewed inflows into exchange-traded funds and overall market support. Discussions centered on a proposed regulatory bill for digital markets in the United States, with Democrats expressing reservations about provisions that would impose restrictions on government officials' cryptocurrency holdings, amid efforts to finalize its drafting before August. Amid tensions in the Middle East, oil prices rose while cryptocurrencies experienced a decline, with most altcoins such as Ethereum, XRP, Solana, Cardano, and BNB dropping, due to expectations of a potential interest rate hike by the U.S. due to inflation pressures linked to energy costs.
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