Bitcoin 'Resilient' After Hawkish Fed, But No 'Ret
#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Bitcoin 'Resilient' After Hawkish Fed, But No 'Return of Demand': Analystsimage
In brief
Bitcoin is changing hands near $64,600, down about 13% over the past month and roughly 50% below its October record, with several analysts describing a market stuck in a range.
Bitcoin is no longer in a trending regime, one analyst argued, moved instead by liquidation clusters and deleveraging as it awaits a catalyst.
Those catalysts include a looming Clarity Act vote and U.S. inflation cooling should the Iran peace deal hold, with a near-term risk in the form of Friday's $10.9 billion option expiry.
Bitcoin is grinding sideways, and the analysts watching it largely agree on the problem: the sellers are running low, but the buyers have not come back.
The leading cryptocurrency changed hands around $64,700 on Monday, up by 0.8% on the day but down about 13% over the past month and almost 50% below the record of $126,080 set in October, per CoinGecko data.
Crypto proved "more resilient than anticipated" in the face of new Fed Chair Kevin Warsh's hawkish debut, CoinShares head of research James Butterfill said Friday, with Bitcoin dropping by a lower-than-expected 1.6% versus the S&P 500's 1.2% and the Nasdaq's 1.3%. While "not strong price action in absolute terms," the analyst conceded, it is "firmer than many would have expected" in the face of a hawkish Fed reset and a step back from policy signalling.
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