Bitcoin peels back to $62K as Fed-wary futures traders cut risk: Is the BTC rally over?
CoinTelegraph·
60-second summary
Bitcoin hovers around the $62,000 mark as traders cut risk ahead of a Federal Reserve policy statement, citing escalating tensions in Iran and a spike in oil prices. This shift in sentiment signals a potential end to the BTC rally, with investors seeking safer assets amidst growing uncertainty. The market's cautious tone weighs on the cryptocurrency's price.
Bitcoin hovered around the $62,000 mark following a spike in oil prices, escalating hot war in Iran and traders’ move to cut risk ahead of a Federal Reserve policy statement.