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Bitcoin slides below $96,000 as key crypto bill stalls in Congress
Source: CryptoNewsNet Original Title: Bitcoin slides below $96,000 as key crypto bill stalls in Congress Original Link: https://cryptonews.net/news/bitcoin/32283463/ Bitcoin’s rally stalled on Thursday, with the largest cryptocurrency quickly falling back below $96,000 as key U.S. digital asset legislation hit a roadblock late Wednesday.
The decline followed bitcoin’s multi-day rise this week, which peaked at just shy of $98,000 on Wednesday.
Crypto-related stocks were sharply lower in concert, with several major players experiencing 3%-5% declines.
Bitcoin’s rally this week, which saw it rise from $90,000 to a two-month high, occurred as global jitters centered on Iran and potential U.S. intervention in the country. U.S.-listed bitcoin ETFs pulled in over $1.7 billion in fresh capital in the first three days of the week, their strongest inflow streak in several months.