Bitcoin declines 4 percent
Bitcoin's value dropped by 4%, reaching $75,000, amidst a climate of tension and anticipation regarding the U.S. Senate's vote on an important regulatory bill, and the Federal Reserve's upcoming decision on interest rates, which is expected to raise them by 25 basis points. This decline coincides with rising 10-year U.S. Treasury yields and elevated oil prices due to the Middle East conflict, prompting investors to steer away from risky assets. Additionally, Standard Chartered Bank forecasted that Arbitrum tokens could reach $10 by 2030, with expectations that the total value of tokenized assets worldwide will grow to $4 trillion by the end of 2028. Meanwhile, the prices of alternative cryptocurrencies, especially Ethereum and Solana, declined, while XRP experienced slight gains.
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