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Bitcoin slipped to about $76,000 in mid-May, its lowest level in more than two weeks, as escalating uncertainty around the US-Iran war dampened risk appetite. President Donald Trump maintained a hard-line stance toward Tehran amid stalled talks between Washington and Iran, while reports surfaced that energy facilities in the Persian Gulf were attacked over the weekend. These developments intensified fears of higher inflation and sparked broad risk-off sentiment across global markets. As a result, US-listed spot Bitcoin ETFs saw more than $1 billion in outflows last week, the first weekly withdrawal exceeding that threshold since late January. Providing some support, a Senate panel recently approved the Clarity Act, the first comprehensive legislative effort to regulate the US crypto sector. The measure is widely viewed as a constructive step toward a clearer regulatory framework for digital assets, which could encourage greater institutional participation and bolster long-term adoption.
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