Bitcoin Stabilizes at $77k Amid Regulatory Hopes

Bitcoin held steady above $77k on Monday after a strong rebound over the weekend, fueled by hopes of favorable U.S. regulation and easier financial conditions.

The world's largest cryptocurrency rose 1.3% to $77,091.1 by 01:47 ET (05:47 GMT), with broader crypto prices also trading upbeat but cooling from recent peaks.

Caution over the Iran situation weighed on markets, as the U.S. prepared to announce its strictest yet sanctions against the country, much to Tehran's chagrin.

The rebound was sparked by President Donald Trump's calls for lawmakers to pass a fair version of the Clarity Act, which aims to establish a broader regulatory framework for the crypto industry in the U.S.