Bitcoin stabilizes amid regulation and rate hike
Bitcoin prices remain relatively stable as markets await the approval of cryptocurrency regulation legislation in the United States. The Senate is expected to vote on the "Clarity Act" on September 15, which aims to establish a comprehensive regulatory framework for digital currencies. However, concerns over rising interest rates and developments in the US-Iran conflict continue to pressure investor sentiment, causing market turbulence and limited price movements. Bitcoin rose by 0.2% to reach $77,759 amid expectations of further regulation in the market. Meanwhile, Ethereum declined by 0.7%, while other cryptocurrencies such as Cardano and Solana saw gains.
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