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Bitcoin ($BTC) is contending with pressure from two converging forces — a Federal Reserve decision to hold interest rates and mounting sell-off activity from cryptocurrency miners — that together could push the price below $64,000, according to Pluang.
What a Fed Rate Hold Means for Bitcoin When the Federal Reserve holds rates rather than cutting them, the cost of borrowing stays elevated.
That matters for Bitcoin because higher rates make safer, yield-bearing assets — think Treasury bills — more attractive by comparison.
Capital that might otherwise flow into risk assets like $BTC has less incentive to move.
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