Bitcoin Steadies at $64.8k Amid Rate Hike Fears and Iran Tensions

Bitcoin stabilized at $64,830.4 on Thursday after logging a mild recovery in recent sessions.

The world's largest cryptocurrency fell 0.2% but is still up about 1.6% this week.

A soft U.S. inflation data helped ease concerns over imminent interest rate hikes, benefiting cryptocurrencies like Bitcoin.

However, persistent tensions between the U.S. and Iran kept crypto markets largely on the backfoot, as broader risk appetite soured.