Bitcoin steadies ahead of crypto law and rate hikes

Bitcoin prices remain under pressure due to regulatory tensions in the United States, as attention shifts to the Senate's vote on the "Clariti Act" scheduled for September 15, which aims to establish a regulatory framework for cryptocurrencies. Although Bitcoin increased by 0.2% to approximately $77,760 before retreating somewhat from its August peak, ongoing concerns about rising interest rates and tensions between the US and Iran are dampening optimism. Markets also anticipate interest rate hikes from the Federal Reserve and the Bank of Japan, which negatively impact investors' appetite for risky assets.

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