Bitcoin hits $71,000 first time since 2026

Bitcoin's price rose to over $71,500, reaching its highest level since June 2026, after a gain of more than 7% over the past 24 hours. The increase was fueled by expectations of an upcoming update to the Digital Asset Market Clarity Act in the Senate and improved liquidity through U.S. government bond purchases. However, recent minutes from the Federal Reserve meeting suggest pressure on the continued rise in price due to the possibility of interest rate hikes in response to inflation risks.

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