Bitcoin prices edged higher on Wednesday, with the world's largest cryptocurrency looking to snap a five-day losing streak after a U.S. legislative breakthrough.
The market has been under pressure due to rising expectations of interest rate hikes by central banks across the globe in order to combat inflationary shocks arising from surging oil prices sparked by the Middle East conflict.
Investors are awaiting Nvidia's earnings report and looking for signs of progress in US-Iran negotiations, which may impact market sentiment.