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Bitcoin holds steady at $79,000
The price of Bitcoin remains steady near $78,676 after a 0.3% decline, as markets await the Federal Reserve's guidance, which influences interest rates and inflation. The digital currency continues to be affected by the earnings reports of AI companies like Nvidia, as well as expectations for the upcoming meeting of the U.S. central bank. Tensions in the Middle East also play a role in market volatility, especially after Iran and Oman agreed on shipping routes through the Strait of Hormuz. Meanwhile, falling oil prices boost expectations of slowed inflation. Markets continue to monitor American regulations on cryptocurrencies, particularly amid ongoing debates surrounding the "Clear Act," which aims to establish a more comprehensive framework for regulating the digital asset market.
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