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Bitcoin steady near five-week peak
Bitcoin prices stabilized near their highest level in five weeks, slightly declining to around $65,858 after recovering from previous losses. This comes as US lawmakers are expected to discuss a regulatory bill concerning the digital currency market. Increased inflows into exchange-traded funds (ETFs) have supported the market, while ongoing tensions in the Middle East and expectations of rising energy-related inflation raise concerns about a potential hike in US interest rates later on, which puts pressure on digital currencies and high-risk assets. Altcoins such as Ether, XRP, Solana, Cardano, and BNB declined amid continued international tensions and their impact on the markets.
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