The U.S. Dollar Index is on the verge of breaking out of a 13-month trading range, gaining strength due to the Federal Reserve's hawkish stance on interest rates. This rise in the dollar typically puts downward pressure on Bitcoin, which has dropped nearly 1% to around $63,900. Historically, Bitcoin moves inversely to the dollar, and if the dollar continues to strengthen, Bitcoin could test its 200-week moving average near $62,258. Analysts note that dips below this level have often led to significant gains over the following years, but a break below could also trigger deeper selloffs. Investors should watch the Dollar Index closely as it may dictate Bitcoin's short-term direction.
Bitcoin and other major cryptocurrencies fell after the Federal Reserve kept interest rates steady at 3.5%-3.75% but raised inflation forecasts during Kevin Warsh's first meeting as Fed chair. The Fed's hawkish stance suggests inflation concerns rema...
Cryptocurrency markets saw mostly declines as Bitcoin traded near $63,926, down 1.48%. Major altcoins like Ethereum, Binance Coin, and XRP also fell between 1.5% to 2.5%. Some tokens experienced sharper drops, such as UNI down 14% and ZEC down 7.75%....
In 2026, Nvidia has become the most-discussed asset on finance-focused Reddit communities, overtaking Bitcoin, which now ranks seventh. This shift reflects growing retail investor interest in AI technology and Nvidia's role in AI infrastructure, cont...
The Royal Government of Bhutan transferred 533 Bitcoin (BTC), valued at $34.5 million, to Binance on June 17. These transfers came from Druk Holding & Investments, Bhutan's state investment arm, reducing Bhutan's Bitcoin holdings to 1,749.96 BTC from...
Bitcoin fell about 4% from a recent high near $66,315 to test support around $64,000 following the Federal Reserve's hawkish policy outlook, which signaled fewer rate cuts and potential future tightening. Despite easing Middle East tensions and lower...
