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Bitcoin's price stabilized around $64,416, as the market was influenced by new regulatory proposals suggested by the U.S. Securities and Exchange Commission, which aim to establish a regulatory framework for crypto assets. The proposal included exemptions from registration requirements for certain venture capital fundraisers, intended to facilitate capital raising and create a more stable environment for digital projects. Despite this, Bitcoin experienced a slight increase of 0.4%, while alternative cryptocurrencies like Ethereum and XRP remained within narrow trading ranges, with modest gains of around 1%. Overall, geopolitical tensions and fears of new legislation continue to impact the market.
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