Bitcoin Price Crashes 6% to $84,000 As Market Braces for Next Catalyst
Bitcoin sharply dropped to the $84,000 range following Federal Reserve commentary, with $84,000 now critical support.Summary
The price of Bitcoin fell sharply by about 6% to lows around $84,416 from recent highs above $90,000, driven by macro uncertainty following the Federal Reserve meeting. Fed Chair Powell emphasized labor market resilience, signaling no urgency for easing policy, which led to a "sell the news" event in crypto markets. Trading volume increased to $48 billion during the selloff. Technically, Bitcoin failed to hold resistance near $91,000, making the $84,000 level critical downside support; analysts warn a break below this could lead to retracements toward $72,000–$68,000. Meanwhile, Gold surged to new highs, and the White House is scheduled to host banking and crypto executives next week to discuss stalled U.S. crypto legislation.
(Source：Bitcoin Magazine)