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Bitcoin (BTCUSD) Tumbles Over 5 Percent Amid Fed Uncertainty and China Crypto Crackdown

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The Story

News Summary

  • Bitcoin plunged over 5% amid broad crypto market weakness as traders await Fed Chair Powell's remarks, triggering caution.
  • BTC holds key support around $85,000 while ETFs see inflows, indicating mixed sentiment.
  • Macro factors include Fed ending Quantitative Tightening and China's intensified crypto ban.
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BTCUSD price history

76545.60 +13.48% over the displayed period

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