Bitcoin dips below $63K amid regulation delay
Bitcoin's price fell below $63,000 after the U.S. government delayed the "Clarity Act" cryptocurrency regulation bill. The main reason is concerns that the delay might complicate legislative negotiations and negatively impact the market, despite weak U.S. inflation data that supported optimism about keeping interest rates unchanged in the near future. As a result, Bitcoin declined by 1.9% to $62,701, while other cryptocurrencies such as Ethereum and Solana also dropped similarly due to the delay’s effect on regulatory expectations and the market.
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