$60,000 became the new battleground. Under macro clouds, watch more and act less—wait for the Fed to send a signal.

CoinWorld reports that Bitcoin has fallen again amid global market panic, dropping to around $59,000 before recovering to the $60k range, with a decline of over 20% in the past month. Reasons include the U.S. May CPI rising to 4.2%, the Federal Reserve keeping interest rates unchanged but potentially raising them again this year, capital outflows from tech stocks, and concerns about the prospects of a U.S.-Iran peace agreement. If a peace agreement is not reached, rising oil prices will increase economic pressure, potentially further impacting Bitcoin's performance.