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Bitcoin rebounds on US-Iran peace hopes; Cardano funding vote and altcoin trends shape crypto week

Market News
23 May 2026
BeInCrypto
View Source
Neutral
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Bitcoin recovered from a one-month low after US-Iran peace deal hopes eased market fears, pushing BTC back toward $77,000. Earlier, hawkish Fed comments had driven Bitcoin below $77,000 amid fears of rate hikes and economic risks. Meanwhile, altcoins linked to AI, privacy, and institutional blockchain gained attention, with Grayscale highlighting Ethereum, Solana, and others as potential winners if new regulations pass. Cardano faced a critical vote on a $32.9 million treasury proposal to fund key research, with strong opposition risking the network's future competitiveness. The crypto market remains sensitive to geopolitical and regulatory developments.

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