$BTC Falls ~4% as Risk-Off Hits Crypto 👀
$BTC dropped nearly 4%, briefly sliding below $75,000 (low ~$74,984) before stabilizing around $75,500. The sell-off was fueled by the Senate’s failure to advance the CLARITY Act, rising Treasury yields above 5%, elevated oil prices, and high odds of a Fed rate hike.
Over $200M in long liquidations amplified the move. Eyes now on today’s FOMC decision.
#NFA #DYOR #FedRateWatch
$BTC dropped nearly 4%, briefly sliding below $75,000 (low ~$74,984) before stabilizing around $75,500. The sell-off was fueled by the Senate’s failure to advance the CLARITY Act, rising Treasury yields above 5%, elevated oil prices, and high odds of a Fed rate hike.
Over $200M in long liquidations amplified the move. Eyes now on today’s FOMC decision.
#NFA #DYOR #FedRateWatch