Bitcoin (BTC) holds ground above $70,000 at press time on Wednesday as the US attempts to de-escalate tensions in the Middle East. The restriction on passive rewards for holding stablecoins in the latest draft of the CLARITY Act negatively impacts crypto stocks like Circle (CRCL). 

Meanwhile, Artificial Intelligence (AI) crypto tokens such as Bittensor and the Artificial Superintelligence Alliance (FET) remain top performers over the last 24 hours, followed by Hyperliquid (HYPE). 

Crypto market sentiment holds amid US-Iran peace talks, CLARITY Act draft

Bitcoin holds steady above $70,000 during early Asian hours on Wednesday while Ethereum (ETH) approaches $2,200 and Ripple (XRP) crosses above $1.40. The broader market sentiment holds…