The run-up in bitcoin‘s price witnessed during the final days of July is facing pressure from sellers looking to cash in their profit amid tensions over a proposed U.S. infrastructure bill’s language.
The pullback from Saturday’s top of around $42,400 to current prices of around $39,500 is likely associated with uncertainty surrounding the bill, according to Daniel Kim, head of capital markets at Australia-based decentralized lending company Maple Finance.
An earlier version of the bill…
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