Bitcoin remains around $77,700
Bitcoin steadied close to $77,700 after last week's losses, as investors await the Federal Reserve's interest rate hike amid concerns over escalating tensions in the Middle East and their potential impact on global inflation. Riskier markets also declined, with Brent crude rising to over $108 per barrel due to the Houthis' escalation against Saudi Arabia, threatening to add new inflationary pressures. Meanwhile, alternative cryptocurrencies experienced moderate gains, with Ethereum climbing to $2,518.72 and XRP up by 1.7%.
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