‘Between supportive and restrictive forces’: Bitcoin stalls near $64,000 as Fed rate-hike risk overshadows Iran ceasefire relief
The Block·
60-second summary
Bitcoin currently trades near $64,000 as a hawkish Federal Reserve's potential rate hike and six consecutive weeks of ETF outflows weigh heavily on the market, overshadowing the recent U.S.-Iran peace deal's relief. Market sentiment remains uncertain, with investors torn between supportive factors and restrictive forces, causing a stalemate in Bitcoin's price movement, impacting overall crypto market stability.
Bitcoin holds near $64,000 as six weeks of ETF outflows, and a hawkish Fed overshadow the U.S.-Iran peace deal.