The Federal Reserve decided to maintain interest rates unchanged, and the lack of forward guidance amid heightened uncertainty in the Middle East situation prompted funds to flee the mainstream cryptocurrency market. Bitcoin's price fell below $70,000, with its market share declining to 58.7%, as investors turned to stablecoins such as USDT and USDC, signaling a large-scale risk-aversion wave. Analysts point out that the market remains fragile, with capital allocation becoming more cautious and increasingly dependent on liquidity rather than universal market sentiment.
The Federal Reserve decided to maintain interest rates unchanged, and the lack of forward guidance amid heightened uncertainty in the Middle East situation prompted funds to flee the mainstream cryptocurrency market. Bitcoin's price fell below $70,000, with its market share declining to 58.7%, as investors turned to stablecoins such as USDT and USDC, signaling a large-scale risk-aversion wave. Analysts point out that the market remains fragile, with capital allocation becoming more cautious and increasingly dependent on liquidity rather than universal market sentiment.