BTC SURGES PAST $64K AS CRYPTO SHOWS RESILIENCE AMID MARKET TURMOIL!
Bitcoin is trading near $64,500 today, up approximately 2.6% over the past 24 hours. The recovery comes as U.S. equities declined — the S&P 500 fell 0.5% from its record high— while gold prices rose and oil prices fell. BTC is showing relative resilience versus equities.
What's driving the rebound?
· Fed rate-hike expectations are easing — markets now price a 69% probability the Fed holds rates steady in September
· The 2-year Treasury yield has dropped roughly 20 basis points since July 23
· The Fear & Greed Index jumped from 31 to 41 today, showing improving sentiment
Key Levels: $64,000 has become a key short-term battleground, with resistance at **$65,000** from previous trapped supply and support at $61,000.
$BTC
#Bitcoin #BTC #FOMC #CryptoMarket #Bullish
Bitcoin is trading near $64,500 today, up approximately 2.6% over the past 24 hours. The recovery comes as U.S. equities declined — the S&P 500 fell 0.5% from its record high— while gold prices rose and oil prices fell. BTC is showing relative resilience versus equities.
What's driving the rebound?
· Fed rate-hike expectations are easing — markets now price a 69% probability the Fed holds rates steady in September
· The 2-year Treasury yield has dropped roughly 20 basis points since July 23
· The Fear & Greed Index jumped from 31 to 41 today, showing improving sentiment
Key Levels: $64,000 has become a key short-term battleground, with resistance at **$65,000** from previous trapped supply and support at $61,000.
$BTC
#Bitcoin #BTC #FOMC #CryptoMarket #Bullish