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Crypto

Bitcoin slips below $65,000 despite oil drop

Bitcoin slid into the $63,000 range despite easing Middle East-driven oil price worries. It traded in the low $63,000s on June 18 and fell about 2 percent over the day. Oil declines typically support risk assets, but the Federal Open Market Committee held rates at 3.50 to 3.75 percent and signalled a hawkish stance. The dollar index rose to 100.80, and fed funds futures priced a 68 percent chance of a September hike.

Crypto

Trump says Iran issue will work out; five Bitcoin checkpoints this week

Bitcoin has fallen below $73,000 in June amid volatility tied to news of air strikes on Iran and uncertainty over a ceasefire, Cointelegraph reported. Donald Trump wrote on Truth Social that Iran wants a deal, though a ceasefire discussed as lasting at least 60 days has not been finalised. Traders cited $72,000 as key support and $75,000 as a near-term target. U.S. macro releases and on-chain and derivatives indicators are also in focus.

Crypto

Bitcoin falls as U.S. April PCE inflation dims rate-cut hopes

U.S. April personal consumption expenditures (PCE) inflation rose 3.8 percent from a year earlier, the highest since May 2023. Bitcoin weakened after the data, slipping to around $73,300 and down 2.89 percent over 24 hours to about $73,404. Core PCE rose 3.3 percent year-on-year, also matching forecasts. Markets focused on the likelihood of rates staying high longer, with CME FedWatch pricing a 98.9 percent chance of no change in June.