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Bitcoin holds at $77,400 before Congress vote
Bitcoin prices settled at around $77,400 today, Tuesday, amid anticipation of the U.S. Congress voting on a major cryptocurrency regulation bill, especially after President Trump approved a provision related to ethics standards within the law. This came simultaneously with increased global tensions and a risk-averse attitude, as U.S. Treasury bond yields rose to levels not seen in nearly two decades, exerting downward pressure on other cryptocurrencies. The Senate is expected to vote on the "Clearity Act," which requires 60 votes for approval, and aims to regulate trading based on insider information and prevent federal officials from trading based on undisclosed information, amidst disagreements over the responsibilities and division of regulatory authorities.
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