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Bitcoin faces pressure to drop below $60,000 amid Fed hawkishness and miner selling in 2026.

Market News
25 Jun 2026
CoinMarketCap
View Source
Bearish
pluang ai news

Bitcoin started 2026 near $87,500 but has gradually declined to below $60,000 due to ETF outflows, treasury selling, and rising energy costs affecting miners. The Federal Reserve's hawkish stance, signaling possible rate hikes, has also pressured Bitcoin as non-yielding assets become less attractive. Miners like MARA and Riot Platforms have sold significant Bitcoin reserves to manage debt amid higher energy costs. The market is currently testing support between $59,000-$62,000, with a key Fed meeting in late July likely to influence Bitcoin's next direction, potentially toward Standard Chartered's $50,000 forecast if bearish factors persist.

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Webinar on boosting brand visibility in AI search through press releases and earned media on June 30

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Neutral
2 hours ago
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