Bitcoin stabilizes amid peace talks
Bitcoin stabilised relatively at $64,225 after approaching $65,000 over the weekend, as traders assessed mixed signals regarding the peace talks between the United States and Iran. Despite positive statements about progress in the negotiations, ongoing tensions between Israel and Hezbollah, along with Iran's escalation through the closure of the Strait of Hormuz, limited risk appetite, leading to continued capital outflows from the cryptocurrency market. Additionally, most altcoins declined, with Ethereum rising by 1% and XRP falling by 11%.
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