Bitcoin Steadies Near $64K as Analysts Eye Floor After Hawkish Fed

Decrypt·

Bitcoin Steadies Near $64K as Analysts Eye Floor After Hawkish Fed

60-second summary

Bitcoin steadies near $64,100 after Kevin Warsh's hawkish debut, with analysts arguing a $60,000 floor could prevent further declines. They point to potential catalysts such as a shift in investor sentiment or a rebound in risk assets, which could spark a rebound in the market. Market participants closely watch Bitcoin's response to the Fed's stance.

BTC slid to around $64,100 after Kevin Warsh's hawkish debut, but analysts argue a $60,000 floor and catalysts could spark a rebound.