Bitcoin slightly decreased, but still holding the key level of $70,000.
Bitcoin slightly declined after reaching a one-month high on Wednesday, but still remained above $70,000. The increase on Wednesday came after more encouraging news from the Middle East conflict, leading to a temporary improvement in market sentiment. US President Trump also expressed support for cryptocurrency companies that are battling with the US banking sector over whether they can provide interest-like returns for stablecoins. David Morrison of Trade Nation said in a report, "US Bitcoin exchange-traded funds have seen strong inflows of funds so far this month, indicating renewed investor interest." However, he noted that traders remain cautious due to ongoing geopolitical risks and broader volatility. He said a major test for Bitcoin is whether it can maintain levels above $70,000. Data from the London Stock Exchange Group showed that Bitcoin fell by 0.6% to $72,892, after reaching a high of $74,049 on Wednesday.
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