🚨Bitcoin Price Increases as UAE Implements VAT Exemptions

The Bitcoin $63,520 price increased by 1.42%, trading at $62,650 over the weekend, supported by low volatility. Following a broader market recovery, BTC maintained the crucial $60,000 support level, indicating that buyers are attempting to sustain upward momentum. This recovery coincided with the announcement of VAT exemptions for virtual asset transfers and conversions by the United Arab Emirates Federal Tax Authority (FTA).

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