Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
Bitcoin approached important near-term support on new Fed chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table.
Crypto News·

Bitcoin has fallen back toward $62,500 after U.S. producer inflation accelerated beyond expectations, adding fresh uncertainty ahead of the Federal Reserve’s June policy meeting. According to data from the U.S. Bureau of Labor Statistics, the Producer Price Index rose 1.1%…
Read full articleBitcoin approached important near-term support on new Fed chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table.
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Warsh's hawkish stance at the Fed could pressure risk assets, including crypto, as inflation concerns limit rate-cut options. The post Federal Reserve expected to hold rates as Kevin Warsh chairs first meeting appeared first on Crypto Briefing.
Solana has rallied more than 20% from its June low before retreating from a major resistance zone, as easing geopolitical tensions and rising activity in tokenized equities boosted risk appetite while traders turned cautious ahead of the Federal Reserve’s latest…
The US and Iran may have reached agreement on stopping conflict, but the U.S. stock market is not taking part in any euphoria and is instead rather unsettled. A lower high in the S&P 500 is corresponding with a potential rejection of the major $66K level for Bitcoin.
The extreme altcoin sell pressure signals a potential long-term shift in investor confidence, emphasizing Bitcoin's dominance and market caution. The post CryptoQuant analyst reports altcoin sell pressure hits five-year extreme appeared first on Crypto Briefing.
The G7's support for the US-Iran deal may stabilize Middle East tensions, potentially boosting global markets and fostering crypto adoption. The post G7 backs US-Iran deal, calls for Hezbollah disarmament as Bitcoin benefits from easing tensions appeared first on Crypto Briefing.
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