Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.Bitcoin struggled to rise as U.S. Treasury Secretary Janet Yellen kept the market from cheering El Salvador’s plans to adopt the leading cryptocurrency as legal tender.
In a taped announcement on Saturday, El Salvador President Nayib Bukele said he plans to submit legislation that will make bitcoin (BTC, -0.22%) legal tender. The announcement lifted investor sentiment, with some calling a potential adoption at the government level a major bullish development.
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