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Bitcoin dips below $75K as Fed holds rates amid Middle East uncertainty

Market News
29 Apr 2026
Cointelegraph
View Source
Bearish
pluang ai news

Bitcoin fell below $75,000 following the US Federal Reserve's decision to keep interest rates steady, citing inflation concerns and geopolitical uncertainty in the Middle East. Despite a brief recovery to pre-announcement levels, Bitcoin remains fragile, struggling to reclaim key technical support around $75,500 to $76,500. Analysts note increased bearish leverage and short-term profit-taking, though institutional buying in spot ETFs and rising CME futures open interest suggest a strong accumulation zone between $65,000 and $70,000. The market awaits clearer momentum signals amid ongoing global risks and Fed policy caution.

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