Bitcoin fell to $63,000 following a hawkish Federal Reserve stance under new Chair Kevin Warsh, which strengthened the U.S. dollar and pressured risk assets including cryptocurrencies. Over $558 million in crypto positions were liquidated in 24 hours, with significant outflows from Bitcoin and Ethereum ETFs. Analysts note Bitcoin retested key support levels, with some seeing potential for a strong rally if these hold, while others warn of further declines if support breaks. The market remains volatile amid uncertainty about the Fed's future moves and crypto cycle lows.
Bitcoin briefly rose to $65,000 following the Iran peace deal but then fell to $63,000 as the market remains bearish. Key indicators show 95% of recent buyers are still at a loss, with Bitcoin 15% below the $77,200 threshold needed to signal a bull m...
At its June 17 meeting, the Federal Reserve under new Chair Kevin Warsh kept interest rates steady at 3.50%-3.75% but eliminated forward guidance, ending decades of signaling future rate moves. This shift means markets must now react to incoming data...
Bitcoin fell 5% to around $62,000 after a U.S.-Iran peace agreement erased earlier gains in the cryptocurrency market. The drop caused the total crypto market cap to fall 4.3% to $2.24 trillion. While global stocks rose following the peace deal, bitc...
Bitcoin and other major cryptocurrencies dropped sharply despite a crash in oil prices following US-Iran peace news. Normally, lower oil prices ease inflation fears and boost risk assets like crypto by supporting expectations for interest rate cuts. ...
Bitcoin and Ethereum prices fell following the Federal Reserve's recent policy announcement, with Bitcoin around $64,900 and Ethereum near $1,760. The Fed's decision has reduced market confidence in these cryptocurrencies reaching higher price target...
