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Bitcoin climbs to $77,500 amid market gains
The price of Bitcoin rose to approximately $77,500, surpassing its weekly losses, supported by encouraging regulatory signals from the U.S. Securities and Exchange Commission, which allowed companies to trade tokenized stocks using blockchain technology. This boosted market confidence and aimed to facilitate continuous trading. Additionally, this exemption helped overcome the failure of the "Clarity" law in Congress, as the authority continued its regulatory approval processes. Meanwhile, oil prices and Treasury bond yields declined, increasing appetite for risk.
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