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Bitcoin stays steady at $64K amid rate concerns
Bitcoin's price settled around $64,000, despite ongoing caution among investors due to uncertainty over U.S. interest rates and geopolitical tensions in the Middle East. The currency experienced a 0.5% increase during the day and is on track to achieve monthly gains of nearly 10%, after a decline of more than 20% in the previous month. Bitcoin's price remained largely unaffected by the Federal Reserve's decision to keep interest rates unchanged, while strong earnings reports from tech companies bolstered the financial markets. Meanwhile, markets continue to monitor tensions in the Middle East and their impact on oil prices and inflation pressures, which could lead to prolonged interest rate hikes.
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