Bitcoin Juggles $120 Oil and Fed's 'Most Hawkish' Interest-Rate Pause
Cointelegraph
Bitcoin dipped below $76,000 as high oil prices and a hawkish Fed rate pause impacted risk assets.Summary
Bitcoin (BTC) struggled to regain support, trading around $76,000, influenced by geopolitical tensions and the US Federal Reserve's interest-rate decision. Brent crude oil surpassed $120 per barrel, its highest since June 2022, driven by the US-Iran conflict and increased US oil exports, raising inflation concerns. The Federal Reserve maintained interest rates but signaled a more hawkish stance, with four members dissenting for the first time since 1992, suggesting a shift away from a "soft landing" policy. Despite these pressures, Bitcoin's price action held above the 21-day simple moving average near $75,500, with whale investors reportedly buying the dip.
(Source：Cointelegraph)