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Bitcoin Stalls Near $64,600 Amid Inflation Fears and Regulatory Uncertainty

Guavy AI Editorial Team
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BTC
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Bitcoin's price has stalled near $64,600 after recovering from its recent dip to $62,383. The cryptocurrency remains stuck in a resistance range around $66,500.

The current market environment is unfavorable for Bitcoin, with heightened inflation and risk concerns due to the US-Iran conflict and the Federal Reserve's hawkish stance. Although the Fed kept rates steady, it signaled possible hikes, which may limit Bitcoin's rally.

Regulatory uncertainty also weighs on institutional confidence in Bitcoin. The delay of the US Digital Asset Market Clarity Act adds to this uncertainty.

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