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Bitcoin holds around $63,500
Bitcoin stabilized near the level of $63,500 after a slight increase of 0.8%, amid pressure resulting from escalating tensions between Washington and Tehran and concerns about high-risk assets. The currency was affected by outflows from investment funds totaling approximately $390 million, the lowest level since early July, leading to declines of around 50% from its October peak. The market is awaiting a meeting at the White House on Wednesday involving the President and leaders of the crypto industry to discuss regulatory frameworks, followed by discussions at the Commodity Futures Trading Commission regarding legislation. Regarding alternative cryptocurrencies, Ethereum rose by 1.2% to $1,903, alongside gains in Solana and Ripple.
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